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

SIR Capital Management L.P. bought a new stake in shares of Antero Midstream Co. (NYSE:AM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,323,270 shares of the pipeline company’s stock, valued at approximately $35,058,000. Antero Midstream makes up 3.7% of SIR Capital Management L.P.’s holdings, making the stock its 5th largest position. SIR Capital Management L.P. owned 0.49% of Antero Midstream as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hancock Whitney Corp boosted its holdings in Antero Midstream by 1.5% in the fourth quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company’s stock worth $650,000 after acquiring an additional 624 shares in the last quarter. KPP Advisory Services LLC boosted its stake in Antero Midstream by 3.0% in the 4th quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company’s stock worth $361,000 after purchasing an additional 700 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Antero Midstream by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company’s stock worth $227,000 after purchasing an additional 724 shares in the last quarter. Metis Global Partners LLC grew its position in Antero Midstream by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 19,773 shares of the pipeline company’s stock valued at $298,000 after purchasing an additional 821 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Antero Midstream by 0.8% during the 4th quarter. Arizona State Retirement System now owns 104,752 shares of the pipeline company’s stock valued at $1,581,000 after purchasing an additional 824 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Price Performance

Shares of NYSE:AM opened at $18.85 on Friday. 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 has a market cap of $9.03 billion, a price-to-earnings ratio of 22.71 and a beta of 0.99. The business has a 50-day simple moving average of $17.26 and a two-hundred day simple moving average of $16.25. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $19.13.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share 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 quarter in the prior year, the firm earned $0.21 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid 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 (DPR) is currently 103.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of 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 note on Thursday, April 3rd.

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.