Waterloo Capital L.P. Purchases 12,083 Shares of Antero Midstream Co. (NYSE:AM)

Waterloo Capital L.P. grew its position in Antero Midstream Co. (NYSE:AM) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,645 shares of the pipeline company’s stock after purchasing an additional 12,083 shares during the quarter. Waterloo Capital L.P.’s holdings in Antero Midstream were worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Antero Midstream by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company’s stock worth $541,250,000 after buying an additional 96,788 shares during the period. State Street Corp boosted its holdings in shares of Antero Midstream by 1.5% during the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock valued at $166,856,000 after purchasing an additional 160,593 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Antero Midstream by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company’s stock valued at $92,174,000 after purchasing an additional 25,001 shares in the last quarter. Norges Bank bought a new stake in shares of Antero Midstream in the fourth quarter worth about $62,578,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Antero Midstream by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company’s stock worth $57,769,000 after buying an additional 37,787 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Price Performance

NYSE:AM opened at $16.35 on Friday. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 19.69 and a beta of 1.99. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50 day simple moving average of $16.82 and a 200-day simple moving average of $15.86. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $18.49.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing the consensus estimate 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 forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.