Antero Midstream Co. (NYSE:AM) Shares Bought by Jennison Associates LLC

Jennison Associates LLC increased its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 128.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,031,526 shares of the pipeline company's stock after buying an additional 579,191 shares during the quarter. Jennison Associates LLC owned about 0.21% of Antero Midstream worth $15,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. KPP Advisory Services LLC boosted its holdings in shares of Antero Midstream by 3.0% in the 4th quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company's stock valued at $361,000 after purchasing an additional 700 shares during the last quarter. SeaBridge Investment Advisors LLC raised its position in shares of Antero Midstream by 0.7% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 134,819 shares of the pipeline company's stock worth $2,034,000 after buying an additional 878 shares during the period. KBC Group NV boosted its holdings in Antero Midstream by 14.2% in the fourth quarter. KBC Group NV now owns 14,871 shares of the pipeline company's stock valued at $224,000 after acquiring an additional 1,854 shares during the last quarter. Blue Trust Inc. grew its position in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after acquiring an additional 2,612 shares during the period. Finally, First Citizens Bank & Trust Co. increased its stake in Antero Midstream by 15.3% during the fourth quarter. First Citizens Bank & Trust Co. now owns 20,294 shares of the pipeline company's stock worth $306,000 after acquiring an additional 2,689 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Up 0.4 %

Shares of NYSE AM traded up $0.06 on Friday, hitting $16.11. The company had a trading volume of 1,606,187 shares, compared to its average volume of 2,609,920. The firm has a market capitalization of $7.75 billion, a P/E ratio of 19.89 and a beta of 2.31. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $16.86. The business has a 50 day moving average of $15.59 and a two-hundred day moving average of $15.13.

Antero Midstream Dividend Announcement

The company also recently disclosed 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 (DPR) is 111.11%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AM shares. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Tuesday, February 4th. Wells Fargo & Company downgraded shares of Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price objective for the company. in a research note on Wednesday, December 18th.

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.