Columbus Macro LLC Buys New Position in Antero Midstream Co. (NYSE:AM)

Columbus Macro LLC acquired a new stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 462,372 shares of the pipeline company's stock, valued at approximately $6,977,000. Columbus Macro LLC owned approximately 0.10% of Antero Midstream as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AM. Jennison Associates LLC increased its position in shares of Antero Midstream by 128.0% in the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock worth $15,566,000 after purchasing an additional 579,191 shares during the last quarter. KPP Advisory Services LLC grew its stake in Antero Midstream by 3.0% in the fourth quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company's stock worth $361,000 after purchasing an additional 700 shares in the last quarter. SeaBridge Investment Advisors LLC increased its holdings in Antero Midstream by 0.7% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 134,819 shares of the pipeline company's stock valued at $2,034,000 after buying an additional 878 shares during the last quarter. KBC Group NV raised its stake in Antero Midstream by 14.2% during the fourth quarter. KBC Group NV now owns 14,871 shares of the pipeline company's stock valued at $224,000 after buying an additional 1,854 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after buying an additional 2,612 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AM has been the subject of a number of research analyst reports. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Tuesday. Wells Fargo & Company lowered shares of Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 target price for the company. in a research note on Wednesday, December 18th.

Antero Midstream Stock Performance

Shares of NYSE:AM traded up $0.06 during trading on Friday, hitting $16.11. 1,606,187 shares of the company traded hands, compared to its average volume of 2,573,263. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 19.89 and a beta of 2.31. Antero Midstream Co. has a one year low of $11.58 and a one year high of $16.86. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The business's fifty day moving average is $15.59 and its 200-day moving average is $15.13.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.59%. The ex-dividend date is Wednesday, January 29th. Antero Midstream's dividend payout ratio is presently 111.11%.

Antero Midstream Profile

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.