SIR Capital Management L.P. Makes New $35.06 Million Investment in Antero Midstream Co. (NYSE:AM)

SIR Capital Management L.P. acquired a new stake in shares of Antero Midstream Co. (NYSE:AM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,323,270 shares of the pipeline company’s stock, valued at approximately $35,058,000. Antero Midstream comprises 3.7% of SIR Capital Management L.P.’s investment portfolio, making the stock its 5th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wedmont Private Capital raised its stake in Antero Midstream by 38.8% during the 4th quarter. Wedmont Private Capital now owns 23,398 shares of the pipeline company’s stock worth $362,000 after acquiring an additional 6,536 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of Antero Midstream by 6.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 197,255 shares of the pipeline company’s stock valued at $2,977,000 after purchasing an additional 12,571 shares during the period. Financial Management Professionals Inc. lifted its stake in shares of Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after buying an additional 1,000 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Antero Midstream by 7.9% during the 4th quarter. Atomi Financial Group Inc. now owns 33,787 shares of the pipeline company’s stock valued at $510,000 after buying an additional 2,465 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Antero Midstream by 22.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 928,015 shares of the pipeline company’s stock worth $14,004,000 after buying an additional 171,730 shares during the period. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AM has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd.

Antero Midstream Trading Up 1.5%

Antero Midstream stock opened at $18.85 on Friday. Antero Midstream Co. has a 1 year low of $13.12 and a 1 year high of $19.13. The firm’s 50 day moving average price is $17.26 and its 200-day moving average price is $16.25. 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 stock has a market cap of $9.03 billion, a P/E ratio of 22.71 and a beta of 0.99.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The company had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. During the same period in the previous year, the firm posted $0.21 EPS. Antero Midstream’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $0.225 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.77%. Antero Midstream’s dividend payout ratio is currently 103.45%.

About Antero Midstream

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.