Jennison Associates LLC Has $15.57 Million Stake in Antero Midstream Co. (NYSE:AM)

Jennison Associates LLC raised its stake in shares of Antero Midstream Co. (NYSE:AM) by 128.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,031,526 shares of the pipeline company’s stock after buying an additional 579,191 shares during the quarter. Jennison Associates LLC owned about 0.21% of Antero Midstream worth $15,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC grew its holdings in Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock valued at $16,446,000 after purchasing an additional 600,208 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of Antero Midstream by 74.5% in 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 during the period. Geode Capital Management LLC increased its position in shares of 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 valued at $91,549,000 after buying an additional 251,987 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Antero Midstream by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock worth $28,686,000 after buying an additional 203,967 shares during the period. Finally, PDT Partners LLC lifted its holdings in Antero Midstream by 291.0% during the third quarter. PDT Partners LLC now owns 254,900 shares of the pipeline company’s stock worth $3,836,000 after acquiring an additional 189,710 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday. Wells Fargo & Company downgraded shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a report on Wednesday, December 18th.

Antero Midstream Stock Performance

AM opened at $16.32 on Thursday. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 20.14 and a beta of 2.31. The business’s 50-day moving average price is $15.58 and its two-hundred day moving average price is $15.12. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $16.86. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.52%. The ex-dividend date is Wednesday, January 29th. Antero Midstream’s payout ratio is 111.11%.

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.