Sanctuary Advisors LLC Acquires Shares of 10,430 Antero Midstream Co. (NYSE:AM)

Sanctuary Advisors LLC bought a new position in shares of Antero Midstream Co. (NYSE:AM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,430 shares of the pipeline company’s stock, valued at approximately $148,000.

Other large investors have also modified their holdings of the company. Illinois Municipal Retirement Fund purchased a new stake in Antero Midstream in the 1st quarter valued at $1,506,000. Clearbridge Investments LLC boosted its position in shares of Antero Midstream by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 7,282,393 shares of the pipeline company’s stock valued at $102,390,000 after acquiring an additional 84,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Antero Midstream by 18.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,932,935 shares of the pipeline company’s stock valued at $41,237,000 after purchasing an additional 452,535 shares during the period. Linden Thomas Advisory Services LLC acquired a new stake in Antero Midstream during the second quarter worth about $526,000. Finally, Cetera Advisors LLC raised its stake in Antero Midstream by 608.8% during the first quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company’s stock worth $2,121,000 after purchasing an additional 129,561 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Down 0.5 %

NYSE AM opened at $15.08 on Tuesday. 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 stock has a market capitalization of $7.26 billion, a P/E ratio of 18.85 and a beta of 2.34. The firm’s 50-day moving average is $14.88 and its two-hundred day moving average is $14.57. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $15.87.

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

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.97%. Antero Midstream’s payout ratio is presently 112.50%.

Insider Activity at Antero Midstream

In related news, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AM shares. Morgan Stanley raised their price target 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. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th.

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.