Aigen Investment Management LP Boosts Stock Position in Antero Midstream Co. (NYSE:AM)

Aigen Investment Management LP grew its stake in Antero Midstream Co. (NYSE:AM) by 135.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,916 shares of the pipeline company’s stock after purchasing an additional 19,484 shares during the period. Aigen Investment Management LP’s holdings in Antero Midstream were worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Advisors Asset Management Inc. grew its position in Antero Midstream by 10.5% in the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after acquiring an additional 34,222 shares during the period. Van ECK Associates Corp grew its position in Antero Midstream by 98.6% in the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after acquiring an additional 86,001 shares during the period. JPMorgan Chase & Co. grew its position in Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock worth $28,686,000 after acquiring an additional 203,967 shares during the period. Empowered Funds LLC grew its position in Antero Midstream by 4.3% in the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock worth $636,000 after acquiring an additional 1,751 shares during the period. Finally, Columbus Macro LLC purchased a new position in Antero Midstream in the fourth quarter worth approximately $6,977,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company upped their price target on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th.

Antero Midstream Stock Up 1.0 %

NYSE:AM opened at $16.46 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The stock’s fifty day moving average is $16.11 and its two-hundred day moving average is $15.43. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $17.19. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 19.83 and a beta of 2.33.

Antero Midstream (NYSE:AM) last released 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 anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend was Wednesday, January 29th. 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.