Antero Midstream Co. (NYSE:AM) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its position in shares of Antero Midstream Co. (NYSE:AM) by 75.2% during the fourth quarter, Holdings Channel reports. The firm owned 33,348 shares of the pipeline company’s stock after selling 101,147 shares during the quarter. AlphaQuest LLC’s holdings in Antero Midstream were worth $503,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Edgestream Partners L.P. acquired a new stake in shares of Antero Midstream during the fourth quarter worth about $1,940,000. Chung Wu Investment Group LLC acquired a new stake in shares of Antero Midstream during the fourth quarter worth about $1,924,000. Raymond James Financial Inc. acquired a new stake in shares of Antero Midstream during the fourth quarter worth about $5,722,000. Arizona State Retirement System increased its position in Antero Midstream by 0.8% in the 4th quarter. Arizona State Retirement System now owns 104,752 shares of the pipeline company’s stock valued at $1,581,000 after acquiring an additional 824 shares during the period. Finally, Aigen Investment Management LP increased its position in Antero Midstream by 135.0% in the 4th quarter. Aigen Investment Management LP now owns 33,916 shares of the pipeline company’s stock valued at $512,000 after acquiring an additional 19,484 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Stock Performance

Shares of AM stock opened at $16.96 on Thursday. The stock has a market capitalization of $8.12 billion, a PE ratio of 20.43 and a beta of 2.32. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $17.19. The stock’s 50-day moving average price is $16.25 and its 200 day moving average price is $15.50. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. As a group, equities research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s payout ratio is 108.43%.

Wall Street Analysts Forecast Growth

AM has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th.

Antero Midstream Company 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.