Waterloo Capital L.P. Has $1.65 Million Stock Position in Antero Midstream Co. (NYSE:AM)

Waterloo Capital L.P. reduced its position in Antero Midstream Co. (NYSE:AM) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,879 shares of the pipeline company’s stock after selling 2,101 shares during the period. Waterloo Capital L.P.’s holdings in Antero Midstream were worth $1,649,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Antero Midstream by 360.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after buying an additional 1,753 shares in the last quarter. MCF Advisors LLC bought a new stake in shares of Antero Midstream in the 1st quarter valued at approximately $34,000. Pacifica Partners Inc. bought a new stake in shares of Antero Midstream in the 1st quarter valued at approximately $48,000. City State Bank bought a new stake in shares of Antero Midstream in the 2nd quarter valued at approximately $51,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Antero Midstream by 24.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after buying an additional 688 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AM has been the subject of several analyst reports. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley boosted their target price on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.88.

Antero Midstream Stock Down 0.5 %

AM opened at $14.97 on Thursday. The business has a 50 day moving average price of $14.48 and a 200 day moving average price of $14.32. Antero Midstream Co. has a twelve month low of $11.50 and a twelve month high of $15.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $7.20 billion, a P/E ratio of 18.71 and a beta of 2.34.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). Antero Midstream had a return on equity of 19.40% and a net margin of 36.19%. The business had revenue of $269.70 million for the quarter, compared to analyst estimates of $274.66 million. During the same quarter last year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that Antero Midstream Co. will post 0.85 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, July 24th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.01%. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the completion of the transaction, the insider now directly owns 130,349 shares in the company, valued at $1,901,791.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

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.