Blackstone Inc. Raises Position in Antero Midstream Co. (NYSE:AM)

Blackstone Inc. raised its position in Antero Midstream Co. (NYSE:AM) by 0.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,734,028 shares of the pipeline company’s stock after acquiring an additional 8,138 shares during the quarter. Blackstone Inc.’s holdings in Antero Midstream were worth $26,166,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AM. Hancock Whitney Corp lifted its stake in shares of Antero Midstream by 1.5% in the fourth quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company’s stock worth $650,000 after buying an additional 624 shares in the last quarter. Birch Capital Management LLC raised its holdings in Antero Midstream by 1.8% in the 4th quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock valued at $566,000 after acquiring an additional 655 shares during the last quarter. KPP Advisory Services LLC lifted its stake in Antero Midstream by 3.0% in the 4th 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 in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Antero Midstream by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company’s stock worth $227,000 after purchasing an additional 724 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in shares of Antero Midstream by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 19,773 shares of the pipeline company’s stock valued at $298,000 after purchasing an additional 821 shares in the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AM. Wells Fargo & Company boosted their price objective 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 report on Thursday, April 3rd.

Antero Midstream Stock Up 0.1 %

Shares of NYSE:AM opened at $17.54 on Tuesday. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 21.13 and a beta of 0.99. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $18.49. The business has a 50-day moving average price of $17.02 and a 200 day moving average price of $16.09. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $291.13 million during the quarter, compared to analysts’ expectations of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. Sell-side analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date is Wednesday, April 23rd. Antero Midstream’s payout ratio is 103.45%.

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.