Longboard Asset Management LP Takes $240,000 Position in Antero Midstream Co. (NYSE:AM)

Longboard Asset Management LP bought a new stake in shares of Antero Midstream Co. (NYSE:AM) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 15,931 shares of the pipeline company’s stock, valued at approximately $240,000.

Several other large investors have also recently modified their holdings of AM. State Street Corp boosted its stake in Antero Midstream by 1.5% during the third quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock worth $166,856,000 after buying an additional 160,593 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after acquiring an additional 251,987 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Antero Midstream by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock worth $57,047,000 after purchasing an additional 22,936 shares during the period. JPMorgan Chase & Co. grew its holdings in Antero Midstream by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after purchasing an additional 203,967 shares during the last quarter. Finally, FMR LLC raised its position in Antero Midstream by 121.9% in the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after purchasing an additional 600,208 shares during the period. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.6 %

Shares of AM opened at $16.14 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 19.92 and a beta of 2.31. The company has a 50-day moving average of $15.56 and a 200 day moving average of $15.10. Antero Midstream Co. has a 1-year low of $11.58 and a 1-year high of $16.86.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.58%. Antero Midstream’s dividend payout ratio (DPR) is currently 111.11%.

Analysts Set New Price Targets

Several research analysts have issued reports on AM shares. Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a research report on Wednesday, December 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

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.