Covalis Capital LLP Makes New Investment in Antero Midstream Co. (NYSE:AM)

Covalis Capital LLP purchased a new position in shares of Antero Midstream Co. (NYSE:AM - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 401,786 shares of the pipeline company's stock, valued at approximately $6,063,000. Covalis Capital LLP owned 0.08% of Antero Midstream at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Antero Midstream by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock valued at $541,250,000 after purchasing an additional 96,788 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Antero Midstream by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company's stock valued at $137,516,000 after buying an additional 71,361 shares in the last quarter. Geode Capital Management LLC raised its stake in Antero Midstream by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock valued at $92,174,000 after purchasing an additional 25,001 shares during the period. Norges Bank bought a new position in shares of Antero Midstream during the fourth quarter worth $62,578,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of 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 purchasing an additional 37,787 shares during the last quarter. Institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

Shares of AM traded up $0.31 during trading hours on Thursday, reaching $16.98. 903,689 shares of the company traded hands, compared to its average volume of 3,563,586. The business has a fifty day moving average price of $16.93 and a 200-day moving average price of $15.99. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $18.49. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $8.13 billion, a P/E ratio of 20.45 and a beta of 1.99.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (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 anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a $0.225 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.30%. Antero Midstream's payout ratio is 108.43%.

Analyst Upgrades and Downgrades

AM has been the subject of several recent research reports. Wells Fargo & Company lifted their price target 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 shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd.

Antero Midstream Company 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.