Antero Midstream Co. (NYSE:AM) Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC lessened its stake in shares of Antero Midstream Co. (NYSE:AM) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 388,625 shares of the pipeline company’s stock after selling 14,140 shares during the quarter. Evergreen Capital Management LLC owned about 0.08% of Antero Midstream worth $5,728,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. First Horizon Advisors Inc. boosted its holdings in Antero Midstream by 24.2% during the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after buying an additional 688 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Antero Midstream by 1.0% during the second quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock worth $1,158,000 after buying an additional 798 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Antero Midstream by 3.3% during the fourth quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company’s stock worth $339,000 after buying an additional 871 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in Antero Midstream by 0.3% during the first quarter. Retirement Systems of Alabama now owns 427,703 shares of the pipeline company’s stock worth $6,014,000 after buying an additional 1,123 shares in the last quarter. Finally, Pitcairn Co. boosted its holdings in Antero Midstream by 7.2% during the first quarter. Pitcairn Co. now owns 18,784 shares of the pipeline company’s stock worth $264,000 after buying an additional 1,259 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

Antero Midstream Trading Up 2.3 %

Antero Midstream stock opened at $15.15 on Tuesday. The company has a 50 day moving average price of $14.50 and a 200 day moving average price of $14.36. Antero Midstream Co. has a 52 week low of $11.50 and a 52 week 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 capitalization of $7.29 billion, a price-to-earnings ratio of 18.94 and a beta of 2.34.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.18 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 analyst estimates of $274.66 million. Antero Midstream had a return on equity of 19.40% and a net margin of 36.19%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS. Research analysts forecast 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. Shareholders of record on Wednesday, July 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 5.94%. The ex-dividend date of this dividend was Wednesday, July 24th. Antero Midstream’s dividend payout ratio (DPR) is currently 112.50%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream 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 transaction of $343,127.62. Following the completion of the sale, the insider now owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.61% of the company’s stock.

Antero Midstream 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.