PDT Partners LLC Grows Position in Antero Midstream Co. (NYSE:AM)

PDT Partners LLC boosted its holdings in Antero Midstream Co. (NYSE:AM) by 55.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 396,510 shares of the pipeline company’s stock after acquiring an additional 141,610 shares during the quarter. Antero Midstream accounts for approximately 0.5% of PDT Partners LLC’s investment portfolio, making the stock its 18th biggest holding. PDT Partners LLC’s holdings in Antero Midstream were worth $5,983,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hancock Whitney Corp boosted its position in Antero Midstream by 1.5% during the fourth quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company’s stock valued at $650,000 after buying an additional 624 shares during the period. Birch Capital Management LLC lifted its holdings in Antero Midstream by 1.8% in the 4th quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock worth $566,000 after buying an additional 655 shares during the period. KPP Advisory Services LLC grew its position in shares of Antero Midstream by 3.0% in the 4th quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company’s stock worth $361,000 after buying an additional 700 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Antero Midstream by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company’s stock valued at $227,000 after buying an additional 724 shares during the period. Finally, Metis Global Partners LLC increased its stake in shares of Antero Midstream by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 19,773 shares of the pipeline company’s stock valued at $298,000 after buying an additional 821 shares during the period. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.9 %

Antero Midstream stock opened at $17.03 on Tuesday. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $18.49. The company has a market capitalization of $8.15 billion, a price-to-earnings ratio of 20.52 and a beta of 1.99. The business’s fifty day simple moving average is $16.94 and its two-hundred day simple moving average is $16.02. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM) last announced 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%. As a group, equities analysts predict that Antero Midstream Co. will post 0.95 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 7th. Stockholders of record on Wednesday, April 23rd will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.28%. Antero Midstream’s dividend payout ratio is presently 108.43%.

Analysts Set New Price Targets

AM has been the subject of a number of research reports. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report 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.