Bridgewater Associates LP Acquires Shares of 13,519 Antero Midstream Co. (NYSE:AM)

Bridgewater Associates LP bought a new position in Antero Midstream Co. (NYSE:AM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,519 shares of the pipeline company’s stock, valued at approximately $204,000.

A number of other hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. increased its stake in Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after acquiring an additional 1,000 shares during the last quarter. Blue Trust Inc. increased its position in shares of Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after purchasing an additional 2,612 shares during the last quarter. Allworth Financial LP raised its holdings in Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock valued at $104,000 after buying an additional 951 shares during the period. GAMMA Investing LLC lifted its position in Antero Midstream by 44.5% in the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after buying an additional 1,962 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in Antero Midstream during the fourth quarter worth $119,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Antero Midstream Trading Up 1.7 %

NYSE AM opened at $17.15 on Monday. The stock has a market cap of $8.21 billion, a PE ratio of 20.67 and a beta of 1.99. The company’s 50-day moving average price is $16.91 and its 200-day moving average price is $15.97. 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.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results 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 net margin of 36.24% and a return on equity of 18.82%. Equities research analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current 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 issued 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 5.25%. Antero Midstream’s dividend payout ratio is presently 108.43%.

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.