Senvest Management LLC Purchases Shares of 75,000 Antero Midstream Co. (NYSE:AM)

Senvest Management LLC purchased a new stake in Antero Midstream Co. (NYSE:AM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 75,000 shares of the pipeline company’s stock, valued at approximately $1,132,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Antero Midstream during the fourth quarter worth about $62,578,000. Jennison Associates LLC increased its stake in shares of Antero Midstream by 128.0% in the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock valued at $15,566,000 after purchasing an additional 579,191 shares during the last quarter. Columbus Macro LLC acquired a new position in Antero Midstream during the fourth quarter worth about $6,977,000. Barclays PLC lifted its stake in Antero Midstream by 32.7% in the 4th quarter. Barclays PLC now owns 1,770,853 shares of the pipeline company’s stock valued at $26,722,000 after purchasing an additional 436,091 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Antero Midstream during the 4th quarter valued at $5,722,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

Antero Midstream Stock Performance

Shares of AM opened at $16.08 on Monday. 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 company has a market cap of $7.69 billion, a PE ratio of 19.37 and a beta of 1.99. The stock has a 50-day moving average price of $16.84 and a 200-day moving average price of $15.92.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share 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%. As a group, equities analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a $0.225 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.60%. Antero Midstream’s dividend payout ratio is currently 108.43%.

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.