Bridgewater Associates LP Buys New Position in Antero Midstream Co. (NYSE:AM)

Bridgewater Associates LP purchased a new position in Antero Midstream Co. (NYSE:AM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,519 shares of the pipeline company’s stock, valued at approximately $204,000.

A number of other large investors have also modified their holdings of AM. Norges Bank purchased a new position in Antero Midstream in the 4th quarter worth $62,578,000. Jennison Associates LLC raised its stake in shares of Antero Midstream by 128.0% in the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock worth $15,566,000 after purchasing an additional 579,191 shares during the last quarter. Columbus Macro LLC acquired a new stake in shares of Antero Midstream during the fourth quarter worth about $6,977,000. Barclays PLC lifted its holdings in shares of Antero Midstream by 32.7% during the fourth quarter. Barclays PLC now owns 1,770,853 shares of the pipeline company’s stock worth $26,722,000 after purchasing an additional 436,091 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Antero Midstream in the fourth quarter valued at approximately $5,722,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Up 1.7 %

Shares of AM stock opened at $17.15 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a twelve month low of $13.12 and a twelve month high of $18.49. The stock has a 50 day moving average of $16.91 and a 200 day moving average of $15.97. The stock has a market cap of $8.21 billion, a P/E ratio of 20.67 and a beta of 1.99.

Antero Midstream (NYSE:AM) last posted 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 net margin of 36.24% and a return on equity of 18.82%. As a group, sell-side analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.25%. The ex-dividend date is Wednesday, April 23rd. Antero Midstream’s payout ratio is currently 108.43%.

Analyst Upgrades and Downgrades

AM has been the subject of several research reports. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Wells Fargo & Company boosted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th.

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.