372,893 Shares in Antero Midstream Co. (NYSE:AM) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in Antero Midstream Co. (NYSE:AM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 372,893 shares of the pipeline company’s stock, valued at approximately $5,627,000. Susquehanna Fundamental Investments LLC owned 0.08% of Antero Midstream at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. World Investment Advisors LLC bought a new position in shares of Antero Midstream during the 3rd quarter worth about $680,000. JPMorgan Chase & Co. increased its holdings in shares of Antero Midstream by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock worth $28,686,000 after purchasing an additional 203,967 shares during the period. GAMMA Investing LLC increased its holdings in shares of Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after purchasing an additional 1,962 shares during the period. Everence Capital Management Inc. bought a new position in shares of Antero Midstream during the 4th quarter worth about $451,000. Finally, Birch Capital Management LLC increased its holdings in shares of Antero Midstream by 1.8% during the 4th quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock worth $566,000 after purchasing an additional 655 shares during the period. Institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AM. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Wells Fargo & Company boosted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th.

Antero Midstream Stock Performance

NYSE AM opened at $16.88 on Monday. The stock has a market cap of $8.08 billion, a P/E ratio of 20.34 and a beta of 1.99. The company’s 50-day simple moving average is $16.93 and its 200 day simple moving average is $16.01. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $18.49. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.

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 analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. As a group, research analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.33%. Antero Midstream’s 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.