QRG Capital Management Inc. Acquires 13,778 Shares of Antero Midstream Co. (NYSE:AM)

QRG Capital Management Inc. increased its holdings in shares of Antero Midstream Co. (NYSE:AM) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 252,667 shares of the pipeline company’s stock after purchasing an additional 13,778 shares during the period. QRG Capital Management Inc. owned approximately 0.05% of Antero Midstream worth $3,813,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AM. FMR LLC raised its holdings in shares of Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after acquiring an additional 600,208 shares during the period. Jennison Associates LLC increased its holdings in Antero Midstream by 128.0% during the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock worth $15,566,000 after purchasing an additional 579,191 shares in the last quarter. Columbus Macro LLC acquired a new stake in shares of Antero Midstream in the 4th quarter valued at about $6,977,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Antero Midstream by 74.5% in the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after purchasing an additional 293,238 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Antero Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after buying an additional 251,987 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AM. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th.

Antero Midstream Stock Performance

AM opened at $16.96 on Friday. The business’s 50-day simple moving average is $15.99 and its 200 day simple moving average is $15.37. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $16.99. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $8.11 billion, a PE ratio of 20.43 and a beta of 2.31.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is currently 108.43%.

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.