15,931 Shares in Antero Midstream Co. (NYSE:AM) Purchased by Longboard Asset Management LP

Longboard Asset Management LP acquired a new position in shares of Antero Midstream Co. (NYSE:AM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,931 shares of the pipeline company's stock, valued at approximately $240,000.

Several other institutional investors have also recently added to or reduced their stakes in AM. Columbus Macro LLC acquired a new position in Antero Midstream in the 4th quarter valued at $6,977,000. Jennison Associates LLC lifted its position in shares of Antero Midstream by 128.0% during the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock valued at $15,566,000 after acquiring an additional 579,191 shares during the period. KPP Advisory Services LLC raised its holdings in Antero Midstream by 3.0% during the fourth quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company's stock worth $361,000 after purchasing an additional 700 shares during the last quarter. SeaBridge Investment Advisors LLC raised its stake in shares of Antero Midstream by 0.7% during 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 last quarter. Finally, KBC Group NV lifted its holdings in shares of 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 purchasing an additional 1,854 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

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 2,573,263. The firm has a market capitalization of $7.75 billion, a P/E ratio of 19.89 and a beta of 2.31. 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. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.59%. Antero Midstream's dividend payout ratio is presently 111.11%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a research note on Tuesday. Wells Fargo & Company downgraded Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price objective for the company. in a report 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.