EntryPoint Capital LLC Acquires Shares of 11,417 Antero Midstream Co. (NYSE:AM)

EntryPoint Capital LLC bought a new position in shares of Antero Midstream Co. (NYSE:AM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,417 shares of the pipeline company’s stock, valued at approximately $172,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AM. Barnett & Company Inc. lifted its holdings in Antero Midstream by 4.8% during the fourth quarter. Barnett & Company Inc. now owns 89,800 shares of the pipeline company’s stock worth $1,355,000 after acquiring an additional 4,100 shares during the period. Vanguard Group Inc. increased its position in shares of Antero Midstream by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company’s stock valued at $541,250,000 after purchasing an additional 96,788 shares during the last quarter. LPL Financial LLC raised its stake in shares of Antero Midstream by 1.5% during the 4th quarter. LPL Financial LLC now owns 318,777 shares of the pipeline company’s stock worth $4,810,000 after purchasing an additional 4,710 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Antero Midstream in the 4th quarter worth about $1,385,000. Finally, American Century Companies Inc. grew its position in Antero Midstream by 3.7% during the fourth quarter. American Century Companies Inc. now owns 2,085,697 shares of the pipeline company’s stock valued at $31,473,000 after buying an additional 73,496 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th.

Antero Midstream Trading Up 0.2 %

Shares of AM opened at $17.95 on Friday. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $18.30. The business has a 50-day moving average of $16.69 and a 200 day moving average of $15.76. The firm has a market cap of $8.59 billion, a P/E ratio of 21.62 and a beta of 2.33. 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 posted its 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%. As a group, research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.02%. Antero Midstream’s dividend payout ratio is currently 108.43%.

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.