Edgestream Partners L.P. Acquires Shares of 128,565 Antero Midstream Co. (NYSE:AM)

Edgestream Partners L.P. acquired a new position in Antero Midstream Co. (NYSE:AM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 128,565 shares of the pipeline company's stock, valued at approximately $1,940,000.

Other hedge funds have also recently modified their holdings of the company. State Street Corp raised its position in Antero Midstream by 1.5% in the third quarter. State Street Corp now owns 11,086,787 shares of the pipeline company's stock valued at $166,856,000 after purchasing an additional 160,593 shares during the period. Geode Capital Management LLC grew its holdings in Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company's stock valued at $91,549,000 after buying an additional 251,987 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 buying an additional 37,787 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock worth $28,686,000 after purchasing an additional 203,967 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company's stock worth $16,446,000 after buying an additional 600,208 shares during the period. Institutional investors and hedge funds own 53.97% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AM. Wells Fargo & Company lifted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com downgraded shares of Antero Midstream from a "buy" rating to a "hold" rating in a report on Thursday, March 6th.

Antero Midstream Stock Performance

Antero Midstream stock traded down $0.06 during mid-day trading on Thursday, reaching $16.89. The company's stock had a trading volume of 3,880,086 shares, compared to its average volume of 2,612,784. The firm's fifty day moving average price is $16.25 and its two-hundred day moving average price is $15.50. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $17.26. The company has a market capitalization of $8.08 billion, a P/E ratio of 20.34 and a beta of 2.32. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data 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%. Sell-side analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.33%. Antero Midstream's dividend payout ratio (DPR) is currently 108.43%.

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.