Park Avenue Securities LLC Has $147,000 Stock Position in Antero Midstream Co. (NYSE:AM)

Park Avenue Securities LLC lowered its position in shares of Antero Midstream Co. (NYSE:AM) by 17.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,423 shares of the pipeline company’s stock after selling 2,266 shares during the quarter. Park Avenue Securities LLC’s holdings in Antero Midstream were worth $147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AM. Lindbrook Capital LLC increased its position in shares of Antero Midstream by 78.5% in the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 919 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Antero Midstream by 175.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,930 shares during the period. GAMMA Investing LLC bought a new position in shares of Antero Midstream in the fourth quarter worth $51,000. Principal Securities Inc. bought a new position in shares of Antero Midstream in the fourth quarter worth $62,000. Finally, Security National Bank bought a new position in shares of Antero Midstream in the fourth quarter worth $96,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AM. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and raised their price target for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.70.

Antero Midstream Stock Performance

Antero Midstream stock opened at $14.77 on Wednesday. Antero Midstream Co. has a 12-month low of $11.37 and a 12-month high of $15.10. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.48. The business’s 50-day moving average price is $14.48 and its two-hundred day moving average price is $13.52. The stock has a market cap of $7.11 billion, a PE ratio of 18.46 and a beta of 2.38.

Antero Midstream (NYSE:AM) last released its earnings results on Thursday, April 25th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The business had revenue of $279.05 million during the quarter, compared to the consensus estimate of $277.25 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The business’s revenue was up 7.5% on a year-over-year basis. As a group, analysts expect that Antero Midstream Co. will post 0.87 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend was Tuesday, April 23rd. Antero Midstream’s payout ratio is 112.50%.

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.