Cinctive Capital Management LP Has $37.56 Million Position in Antero Midstream Co. (NYSE:AM)

Cinctive Capital Management LP increased its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,488,840 shares of the pipeline company's stock after purchasing an additional 337,330 shares during the quarter. Antero Midstream makes up approximately 1.9% of Cinctive Capital Management LP's holdings, making the stock its 2nd largest holding. Cinctive Capital Management LP owned about 0.52% of Antero Midstream worth $37,557,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Antero Midstream by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock worth $541,250,000 after purchasing an additional 96,788 shares in the last quarter. State Street Corp increased its position in shares of Antero Midstream by 1.5% during the third quarter. State Street Corp now owns 11,086,787 shares of the pipeline company's stock valued at $166,856,000 after buying an additional 160,593 shares during the period. Geode Capital Management LLC raised its stake in Antero Midstream by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock worth $92,174,000 after buying an additional 25,001 shares in the last quarter. Norges Bank purchased a new stake in Antero Midstream in the fourth quarter worth about $62,578,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Antero Midstream by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company's stock worth $57,769,000 after buying an additional 37,787 shares during the period. Hedge funds and other institutional investors own 53.97% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AM shares. Wells Fargo & Company increased their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday.

Antero Midstream Stock Down 9.0 %

NYSE:AM traded down $1.63 during mid-day trading on Friday, hitting $16.35. 5,803,691 shares of the company's stock were exchanged, compared to its average volume of 2,862,239. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.49. The business has a fifty day moving average price of $16.82 and a 200 day moving average price of $15.86. The company has a market cap of $7.82 billion, a PE ratio of 19.69 and a beta of 2.33. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. Equities analysts predict that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.51%. Antero Midstream's payout ratio is presently 108.43%.

About Antero Midstream

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.