Versor Investments LP Invests $684,000 in Antero Midstream Co. (NYSE:AM)

Versor Investments LP bought a new position in Antero Midstream Co. (NYSE:AM) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 45,300 shares of the pipeline company’s stock, valued at approximately $684,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,857 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Antero Midstream by 6.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,774 shares of the pipeline company’s stock valued at $328,000 after purchasing an additional 1,249 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Antero Midstream by 1.4% in the third quarter. State of Alaska Department of Revenue now owns 195,082 shares of the pipeline company’s stock valued at $2,935,000 after purchasing an additional 2,655 shares during the last quarter. Van ECK Associates Corp lifted its stake in Antero Midstream by 98.6% in the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock valued at $2,564,000 after purchasing an additional 86,001 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Antero Midstream by 2.8% during the 3rd quarter. QRG Capital Management Inc. now owns 238,889 shares of the pipeline company’s stock valued at $3,595,000 after acquiring an additional 6,550 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AM. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company boosted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th.

Antero Midstream Trading Up 4.5 %

Antero Midstream stock opened at $16.96 on Friday. The stock has a market cap of $8.11 billion, a P/E ratio of 20.43 and a beta of 2.31. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $16.99. The firm’s fifty day moving average price is $15.99 and its 200-day moving average price is $15.36. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. Equities research analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.31%. Antero Midstream’s dividend payout ratio 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.