Voloridge Investment Management LLC Increases Stake in Antero Midstream Co. (NYSE:AM)

Voloridge Investment Management LLC raised its stake in Antero Midstream Co. (NYSE:AM) by 4.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,522,766 shares of the pipeline company’s stock after purchasing an additional 59,704 shares during the period. Voloridge Investment Management LLC’s holdings in Antero Midstream were worth $22,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Guild Investment Management Inc. acquired a new position in Antero Midstream in the fourth quarter valued at approximately $1,883,000. Commonwealth Equity Services LLC lifted its stake in shares of Antero Midstream by 45.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company’s stock valued at $1,882,000 after purchasing an additional 39,048 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Antero Midstream in the 4th quarter valued at $226,000. Empowered Funds LLC lifted its stake in shares of Antero Midstream by 4.3% in 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. Finally, Columbus Macro LLC acquired a new position in shares of Antero Midstream in the 4th quarter valued at $6,977,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Wells Fargo & Company increased their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th.

Antero Midstream Price Performance

Antero Midstream stock opened at $18.50 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The company’s fifty day moving average price is $17.44 and its 200 day moving average price is $16.39. The stock has a market capitalization of $8.87 billion, a P/E ratio of 22.29 and a beta of 0.99. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $19.04.

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

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a $0.225 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.86%. Antero Midstream’s dividend payout ratio (DPR) 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.