Dimensional Fund Advisors LP Sells 676,525 Shares of Antero Midstream Co. (NYSE:AM)

Dimensional Fund Advisors LP lessened its stake in shares of Antero Midstream Co. (NYSE:AM) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,150,643 shares of the pipeline company’s stock after selling 676,525 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.90% of Antero Midstream worth $134,882,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of Antero Midstream by 12.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,064 shares of the pipeline company’s stock worth $189,000 after acquiring an additional 1,647 shares in the last quarter. Norges Bank purchased a new stake in shares of Antero Midstream during the 4th quarter valued at $54,704,000. Wells Fargo & Company MN boosted its position in shares of Antero Midstream by 4.7% in the 4th quarter. Wells Fargo & Company MN now owns 735,675 shares of the pipeline company’s stock worth $9,218,000 after purchasing an additional 33,291 shares in the last quarter. Quest Partners LLC purchased a new position in Antero Midstream during the 4th quarter worth $302,000. Finally, Franklin Resources Inc. increased its position in Antero Midstream by 143.5% during the 4th quarter. Franklin Resources Inc. now owns 175,631 shares of the pipeline company’s stock valued at $2,201,000 after buying an additional 103,516 shares in the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream Stock Performance

AM opened at $14.81 on Friday. The firm has a 50 day moving average of $14.48 and a two-hundred day moving average of $14.34. The firm has a market capitalization of $7.13 billion, a PE ratio of 18.51 and a beta of 2.34. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.50. Antero Midstream Co. has a 12-month low of $11.50 and a 12-month high of $15.21.

Antero Midstream (NYSE:AM) last posted its 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). The business had revenue of $269.70 million for the quarter, compared to analyst estimates of $274.66 million. Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 earnings per share. On average, analysts anticipate that Antero Midstream Co. will post 0.85 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend was Wednesday, July 24th. Antero Midstream’s dividend payout ratio (DPR) is 112.50%.

Insider Buying and Selling at Antero Midstream

In other news, insider Sheri Pearce sold 23,518 shares of Antero Midstream stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 of the company’s stock, valued at approximately $1,901,791.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AM. Morgan Stanley boosted their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.88.

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.