QRG Capital Management Inc. Buys 12,639 Shares of Antero Midstream Co. (NYSE:AM)

QRG Capital Management Inc. raised its position in Antero Midstream Co. (NYSE:AMFree Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 338,087 shares of the pipeline company’s stock after purchasing an additional 12,639 shares during the period. QRG Capital Management Inc. owned approximately 0.07% of Antero Midstream worth $4,236,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC boosted its stake in Antero Midstream by 78.5% in the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 919 shares during the period. Parkside Financial Bank & Trust raised its position in Antero Midstream by 175.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock valued at $38,000 after buying an additional 1,930 shares during the last quarter. GAMMA Investing LLC acquired a new position in Antero Midstream during the 4th quarter worth approximately $51,000. Principal Securities Inc. bought a new position in shares of Antero Midstream during the 4th quarter worth approximately $62,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Antero Midstream during the 4th quarter valued at $104,000. 53.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Tudor, Pickering, Holt & Co. lowered Antero Midstream from a “buy” rating to a “hold” rating and increased their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Two investment 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, the company currently has an average rating of “Hold” and an average target price of $12.70.

Get Our Latest Research Report on AM

Antero Midstream Stock Up 0.3 %

Shares of NYSE AM opened at $14.46 on Tuesday. The company has a market capitalization of $6.96 billion, a P/E ratio of 18.08 and a beta of 2.26. Antero Midstream Co. has a 52-week low of $10.09 and a 52-week high of $14.58. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.25 and a current ratio of 1.25. The company’s 50 day moving average price is $13.93 and its 200-day moving average price is $13.07.

Antero Midstream (NYSE:AMGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $279.05 million for the quarter, compared to the consensus estimate of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. Antero Midstream’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. Equities analysts forecast that Antero Midstream Co. will post 0.9 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend was Tuesday, April 23rd. Antero Midstream’s payout ratio is currently 112.50%.

Insider Buying and Selling at Antero Midstream

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

Antero Midstream Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Antero Midstream (NYSE:AM)

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