Semanteon Capital Management LP Invests $164,000 in Antero Midstream Co. (NYSE:AM)

Semanteon Capital Management LP bought a new position in shares of Antero Midstream Co. (NYSE:AM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,094 shares of the pipeline company’s stock, valued at approximately $164,000.

Several other large investors have also added to or reduced their stakes in the business. Jennison Associates LLC acquired a new stake in Antero Midstream in the third quarter valued at $11,338,000. FMR LLC lifted its stake in shares of Antero Midstream by 89.8% during the 3rd quarter. FMR LLC now owns 960,810 shares of the pipeline company’s stock worth $11,511,000 after buying an additional 454,675 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its stake in shares of Antero Midstream by 41.3% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,238,000 shares of the pipeline company’s stock worth $15,512,000 after buying an additional 362,000 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Antero Midstream during the third quarter worth about $4,321,000. Finally, Barton Investment Management bought a new position in Antero Midstream during the fourth quarter worth about $4,488,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AM. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Thursday. Tudor, Pickering, Holt & Co. lowered shares of Antero Midstream from a “buy” rating to a “hold” rating and raised their price target for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.70.

Antero Midstream Price Performance

AM stock opened at $14.20 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.48. Antero Midstream Co. has a 12 month low of $9.69 and a 12 month high of $14.52. The firm has a market cap of $6.83 billion, a P/E ratio of 17.74 and a beta of 2.25. The company’s 50-day moving average price is $13.66 and its two-hundred day moving average price is $12.91.

Antero Midstream (NYSE:AM) last released its earnings results on Thursday, February 15th. The pipeline company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $261.04 million. During the same period last year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Antero Midstream Co. will post 0.96 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.34%. The ex-dividend date is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.

Insider Activity at Antero Midstream

In related news, insider Sheri Pearce sold 16,394 shares of Antero Midstream stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the sale, the insider now directly owns 170,266 shares of the company’s stock, valued at approximately $2,327,536.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is currently owned by insiders.

Antero Midstream Company 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.