Los Angeles Capital Management LLC Increases Stock Holdings in Antero Midstream Co. (NYSE:AM)

Los Angeles Capital Management LLC increased its stake in Antero Midstream Co. (NYSE:AM) by 157.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 927,325 shares of the pipeline company’s stock after acquiring an additional 566,604 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Antero Midstream were worth $11,619,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Jennison Associates LLC purchased a new position in shares of Antero Midstream in the third quarter valued at approximately $11,338,000. FMR LLC lifted its holdings in Antero Midstream by 89.8% in the 3rd quarter. FMR LLC now owns 960,810 shares of the pipeline company’s stock valued at $11,511,000 after purchasing an additional 454,675 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in Antero Midstream by 41.3% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,238,000 shares of the pipeline company’s stock worth $15,512,000 after purchasing an additional 362,000 shares during the last quarter. Barton Investment Management purchased a new stake in shares of Antero Midstream during the fourth quarter worth $4,488,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of Antero Midstream in the third quarter valued at about $3,899,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Sheri Pearce sold 16,394 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total value of $224,105.98. Following the sale, the insider now directly owns 170,266 shares of the company’s stock, valued at approximately $2,327,536.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Antero Midstream Stock Performance

NYSE:AM opened at $14.15 on Friday. The company’s 50-day moving average is $13.82 and its two-hundred day moving average is $12.98. Antero Midstream Co. has a 1-year low of $10.09 and a 1-year high of $14.52. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 17.69 and a beta of 2.26.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Thursday, April 25th. The pipeline company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $279.05 million for the quarter, compared to analysts’ expectations of $277.25 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. Analysts forecast that Antero Midstream Co. will post 0.89 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date of this dividend is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio is presently 112.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Tudor, Pickering, Holt & Co. lowered shares of Antero Midstream from a “buy” rating to a “hold” rating and boosted their price target for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Antero Midstream has an average rating of “Hold” and a consensus price target of $12.70.

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.