PDT Partners LLC Buys 141,610 Shares of Antero Midstream Co. (NYSE:AM)

PDT Partners LLC increased its stake in shares of Antero Midstream Co. (NYSE:AM) by 55.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 makes up about 0.5% of PDT Partners LLC’s portfolio, making the stock its 18th largest position. PDT Partners LLC owned approximately 0.08% of Antero Midstream worth $5,983,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Guild Investment Management Inc. bought a new stake in Antero Midstream in the 4th quarter valued at about $1,883,000. JPMorgan Chase & Co. increased its holdings in shares of Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after acquiring an additional 203,967 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Antero Midstream by 45.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company’s stock worth $1,882,000 after purchasing an additional 39,048 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Antero Midstream during the fourth quarter worth approximately $226,000. Finally, Empowered Funds LLC lifted its holdings in shares of Antero Midstream by 4.3% in the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock worth $636,000 after purchasing an additional 1,751 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. 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 upped their target price 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 Stock Up 0.9 %

Antero Midstream stock opened at $17.03 on Tuesday. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $18.49. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50-day simple moving average is $16.94 and its 200 day simple moving average is $16.02. The stock has a market cap of $8.15 billion, a PE ratio of 20.52 and a beta of 1.99.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 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%. Research analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 5.28%. Antero Midstream’s payout ratio is currently 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.