Entropy Technologies LP Makes New Investment in Antero Midstream Co. (NYSE:AM)

Entropy Technologies LP purchased a new position in Antero Midstream Co. (NYSE:AM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 30,646 shares of the pipeline company's stock, valued at approximately $462,000.

A number of other large investors have also recently bought and sold shares of AM. Ashton Thomas Securities LLC purchased a new position in shares of Antero Midstream in the 3rd quarter worth $38,000. Financial Management Professionals Inc. grew its stake in shares of Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after acquiring an additional 1,000 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock valued at $46,000 after acquiring an additional 1,857 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Antero Midstream during the third quarter valued at about $48,000. Finally, Abich Financial Wealth Management LLC grew its stake in Antero Midstream by 21.9% in the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company's stock worth $68,000 after purchasing an additional 818 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Price Performance

NYSE:AM traded down $0.14 during midday trading on Friday, hitting $16.69. 3,691,977 shares of the stock were exchanged, compared to its average volume of 2,609,920. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 20.60 and a beta of 2.31. Antero Midstream Co. has a one year low of $12.15 and a one year high of $16.99. The business has a 50-day moving average price of $15.68 and a two-hundred day moving average price of $15.20.

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 the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.91% and a net margin of 36.16%. Sell-side analysts predict that Antero Midstream Co. will post 0.83 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.39%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's payout ratio is 111.11%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AM. Wells Fargo & Company downgraded 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. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Tuesday, February 4th.

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.