ExodusPoint Capital Management LP Grows Holdings in Antero Midstream Co. (NYSE:AM)

ExodusPoint Capital Management LP increased its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 247.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 405,572 shares of the pipeline company's stock after buying an additional 288,946 shares during the period. ExodusPoint Capital Management LP owned 0.08% of Antero Midstream worth $6,120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Guild Investment Management Inc. bought a new stake in Antero Midstream during the fourth quarter worth about $1,883,000. JPMorgan Chase & Co. raised its holdings in Antero Midstream by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock valued at $28,686,000 after buying an additional 203,967 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Antero Midstream by 45.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock valued at $1,882,000 after acquiring an additional 39,048 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Antero Midstream during the fourth quarter valued at about $226,000. Finally, Empowered Funds LLC increased its holdings in Antero Midstream by 4.3% during the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock valued at $636,000 after purchasing an additional 1,751 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AM. Wells Fargo & Company raised their price target on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

Antero Midstream Stock Down 3.6 %

Shares of AM stock traded down $0.59 during mid-day trading on Thursday, reaching $15.73. 822,544 shares of the company's stock traded hands, compared to its average volume of 2,912,135. 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 company's 50-day moving average price is $16.84 and its 200-day moving average price is $15.90. The company has a market cap of $7.53 billion, a P/E ratio of 18.98 and a beta of 1.99. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $18.49.

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 for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. On average, equities analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.72%. Antero Midstream's dividend payout ratio (DPR) is presently 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.