Antero Midstream Co. (NYSE:AM) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of Antero Midstream Co. (NYSE:AM) by 2,311.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,666 shares of the pipeline company’s stock after buying an additional 147,294 shares during the quarter. GAMMA Investing LLC’s holdings in Antero Midstream were worth $2,766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in Antero Midstream by 4.3% during the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock valued at $636,000 after acquiring an additional 1,751 shares during the period. Entropy Technologies LP acquired a new stake in Antero Midstream in the 4th quarter valued at about $462,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Antero Midstream in the 4th quarter valued at about $1,008,000. Blue Trust Inc. raised its position in Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after purchasing an additional 2,612 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in Antero Midstream by 1.4% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 80,904 shares of the pipeline company’s stock valued at $1,221,000 after purchasing an additional 1,149 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AM. Morgan Stanley reaffirmed an “underweight” rating and issued a $17.00 price target (up previously from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd. Wells Fargo & Company raised their target price on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Wall Street Zen raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the transaction, the director now owns 73,645 shares of the company’s stock, valued at approximately $1,390,417.60. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by company insiders.

Antero Midstream Trading Up 0.6%

NYSE:AM opened at $18.25 on Friday. The firm has a market cap of $8.75 billion, a P/E ratio of 21.99 and a beta of 1.03. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The stock’s 50 day simple moving average is $17.71 and its 200-day simple moving average is $16.73. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $19.09.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The firm had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. Antero Midstream’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 4.93%. Antero Midstream’s dividend payout ratio (DPR) is presently 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.