Trexquant Investment LP Decreases Stock Position in Antero Midstream Co. (NYSE:AM)

Trexquant Investment LP lessened its stake in Antero Midstream Co. (NYSE:AM) by 39.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 283,203 shares of the pipeline company’s stock after selling 183,087 shares during the period. Trexquant Investment LP owned about 0.06% of Antero Midstream worth $4,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Financial Management Professionals Inc. lifted its position in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after purchasing an additional 1,000 shares during the last quarter. Blue Trust Inc. raised its holdings in Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after buying an additional 2,612 shares during the last quarter. Allworth Financial LP boosted its position in Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock valued at $104,000 after buying an additional 951 shares during the period. GAMMA Investing LLC grew its holdings in Antero Midstream by 44.5% in the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after acquiring an additional 1,962 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Antero Midstream in the fourth quarter valued at about $119,000. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Stock Down 9.0 %

Shares of NYSE AM opened at $16.35 on Friday. The firm has a fifty day simple moving average of $16.82 and a two-hundred day simple moving average of $15.86. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $18.49. 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 firm has a market capitalization of $7.82 billion, a PE ratio of 19.69 and a beta of 1.99.

Antero Midstream (NYSE:AM) last released its quarterly earnings results 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%. Equities analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s payout ratio is presently 108.43%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AM shares. 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 note on Tuesday, February 18th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday.

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.