Entropy Technologies LP Takes $462,000 Position in Antero Midstream Co. (NYSE:AM)

Entropy Technologies LP purchased a new stake in Antero Midstream Co. (NYSE:AM) during the 4th quarter, HoldingsChannel reports. The firm purchased 30,646 shares of the pipeline company’s stock, valued at approximately $462,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AM. FMR LLC lifted its stake in Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after purchasing an additional 600,208 shares during the period. Jennison Associates LLC raised its position in Antero Midstream by 128.0% in the 4th 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 bought a new position in Antero Midstream in the 4th quarter worth approximately $6,977,000. Oppenheimer & Co. Inc. raised its position in Antero Midstream by 74.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock worth $10,338,000 after purchasing an additional 293,238 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after purchasing an additional 251,987 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Trading Down 1.6 %

AM opened at $15.85 on Thursday. The stock has a market capitalization of $7.63 billion, a P/E ratio of 19.57 and a beta of 2.31. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $16.86. The firm’s fifty day simple moving average is $15.63 and its 200 day simple moving average is $15.16. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.91% and a net margin of 36.16%. As a group, research analysts anticipate that Antero Midstream Co. will post 0.83 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.68%. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AM shares. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a report on Wednesday, December 18th.

About Antero Midstream

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.