Antero Midstream Co. (NYSE:AM) Shares Purchased by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC boosted its stake in Antero Midstream Co. (NYSE:AM) by 28.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 29,412 shares of the pipeline company’s stock after purchasing an additional 6,572 shares during the period. Transatlantique Private Wealth LLC’s holdings in Antero Midstream were worth $434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Antero Midstream in the fourth quarter valued at $62,000. Envestnet Portfolio Solutions Inc. grew its position in Antero Midstream by 12.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,064 shares of the pipeline company’s stock valued at $189,000 after acquiring an additional 1,647 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Antero Midstream by 28.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 47,868 shares of the pipeline company’s stock valued at $600,000 after purchasing an additional 10,508 shares in the last quarter. Norges Bank acquired a new position in shares of Antero Midstream in the fourth quarter worth $54,704,000. Finally, Wells Fargo & Company MN boosted its holdings in Antero Midstream by 4.7% in the fourth quarter. Wells Fargo & Company MN now owns 735,675 shares of the pipeline company’s stock valued at $9,218,000 after purchasing an additional 33,291 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Up 1.6 %

Shares of NYSE AM opened at $14.81 on Friday. Antero Midstream Co. has a 1 year low of $11.50 and a 1 year high of $15.21. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 18.51 and a beta of 2.34. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50-day moving average of $14.48 and a two-hundred day moving average of $14.34.

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

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend was Wednesday, July 24th. Antero Midstream’s dividend payout ratio is currently 112.50%.

Insider Activity

In other news, insider Sheri Pearce sold 23,518 shares of Antero Midstream stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the transaction, the insider now directly owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

AM has been the topic of a number of analyst reports. Morgan Stanley increased their price target on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, August 27th. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.88.

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.