Beck Capital Management LLC Increases Stock Position in Antero Midstream Co. (NYSE:AM)

Beck Capital Management LLC raised its holdings in shares of Antero Midstream Co. (NYSE:AM) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 153,300 shares of the pipeline company’s stock after purchasing an additional 7,296 shares during the period. Beck Capital Management LLC’s holdings in Antero Midstream were worth $2,260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its position in Antero Midstream by 12.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,064 shares of the pipeline company’s stock valued at $189,000 after purchasing an additional 1,647 shares during the period. Norges Bank purchased a new position in shares of Antero Midstream in the 4th quarter worth $54,704,000. Wells Fargo & Company MN boosted its stake 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 buying an additional 33,291 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Antero Midstream in the fourth quarter worth $302,000. Finally, Franklin Resources Inc. increased its position in Antero Midstream by 143.5% during the fourth quarter. Franklin Resources Inc. now owns 175,631 shares of the pipeline company’s stock valued at $2,201,000 after acquiring an additional 103,516 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Insider Transactions at Antero Midstream

In related news, insider Sheri Pearce sold 23,518 shares of the business’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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AM shares. Morgan Stanley boosted their price target on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com lowered 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.88.

Antero Midstream Trading Up 1.6 %

Antero Midstream stock opened at $14.81 on Monday. Antero Midstream Co. has a 12-month low of $11.50 and a 12-month high of $15.21. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 18.51 and a beta of 2.34. The firm has a 50 day moving average of $14.48 and a 200 day moving average of $14.35. 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 (NYSE:AM) last announced its quarterly earnings data 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 firm had revenue of $269.70 million during the quarter, compared to analysts’ expectations of $274.66 million. Antero Midstream had a return on equity of 19.40% and a net margin of 36.19%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. As a group, research analysts predict that Antero Midstream Co. will post 0.85 earnings per share for the current year.

Antero Midstream Announces Dividend

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

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.