ExodusPoint Capital Management LP Acquires 288,946 Shares of Antero Midstream Co. (NYSE:AM)

ExodusPoint Capital Management LP lifted its holdings in Antero Midstream Co. (NYSE:AM) by 247.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 405,572 shares of the pipeline company’s stock after purchasing an additional 288,946 shares during the quarter. ExodusPoint Capital Management LP owned about 0.08% of Antero Midstream worth $6,120,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Financial Management Professionals Inc. lifted its holdings in shares of 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 in the last quarter. Blue Trust Inc. raised its position in Antero Midstream by 84.3% in 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 lifted its stake in Antero Midstream by 17.8% in the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock valued at $104,000 after acquiring an additional 951 shares in the last quarter. GAMMA Investing LLC boosted its position in Antero Midstream by 44.5% during 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. bought a new position in shares of Antero Midstream during the 4th quarter worth approximately $119,000. 53.97% of the stock is owned by institutional investors.

Antero Midstream Trading Down 9.0 %

NYSE AM opened at $16.35 on Friday. 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 stock has a 50 day moving average of $16.82 and a 200-day moving average of $15.86. The company has a market cap of $7.82 billion, a PE ratio of 19.69 and a beta of 1.99.

Antero Midstream (NYSE:AM) last issued its 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 net margin of 36.24% and a return on equity of 18.82%. On average, equities research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors 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 5.51%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

Analyst Upgrades and Downgrades

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

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.