Longboard Asset Management LP Buys New Position in Antero Midstream Co. (NYSE:AM)

Longboard Asset Management LP purchased a new position in Antero Midstream Co. (NYSE:AM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,931 shares of the pipeline company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in Antero Midstream by 10.5% in the 3rd 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 in the last quarter. Van ECK Associates Corp increased its stake in shares of 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 purchasing an additional 86,001 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 203,967 shares in the last quarter. Creative Planning raised its position in shares of Antero Midstream by 43.5% during the 3rd quarter. Creative Planning now owns 109,118 shares of the pipeline company’s stock valued at $1,642,000 after purchasing an additional 33,054 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Antero Midstream by 74.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after buying an additional 293,238 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

AM has been the subject of a number of analyst reports. Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research note on Wednesday, December 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

Antero Midstream Stock Performance

AM opened at $16.14 on Tuesday. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 19.92 and a beta of 2.31. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $16.86. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The company has a fifty day moving average of $15.56 and a 200 day moving average of $15.10.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.58%. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

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.