ExodusPoint Capital Management LP Has $6.12 Million Position in Antero Midstream Co. (NYSE:AM)

ExodusPoint Capital Management LP grew its position in shares of Antero Midstream Co. (NYSE:AM) by 247.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 405,572 shares of the pipeline company’s stock after buying an additional 288,946 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Antero Midstream were worth $6,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. raised its stake in Antero Midstream by 58.6% in the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 1,000 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock worth $86,000 after purchasing an additional 2,612 shares during the period. GAMMA Investing LLC raised its position in shares of Antero Midstream by 44.5% in the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after buying an additional 1,962 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock valued at $104,000 after buying an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in Antero Midstream during the fourth quarter worth approximately $119,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on AM shares. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th.

Antero Midstream Stock Down 9.0 %

Shares of AM opened at $16.35 on Friday. The firm has a 50 day simple moving average of $16.82 and a two-hundred day simple moving average of $15.86. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. Antero Midstream Co. has a one year low of $13.12 and a one year high of $18.49. The company has a market cap of $7.82 billion, a P/E ratio of 19.69 and a beta of 1.99.

Antero Midstream (NYSE:AM) last posted 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 return on equity of 18.82% and a net margin of 36.24%. Research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.225 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.51%. 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.