American Century Companies Inc. Has $29.14 Million Stock Holdings in Antero Midstream Co. (NYSE:AM)

American Century Companies Inc. decreased its stake in shares of Antero Midstream Co. (NYSE:AM) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,976,902 shares of the pipeline company’s stock after selling 18,221 shares during the period. American Century Companies Inc. owned 0.41% of Antero Midstream worth $29,140,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Antero Midstream by 360.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after buying an additional 1,753 shares during the period. MCF Advisors LLC acquired a new stake in Antero Midstream during the 1st quarter worth $34,000. City State Bank bought a new stake in shares of Antero Midstream during the 2nd quarter valued at $51,000. Pacifica Partners Inc. acquired a new position in shares of Antero Midstream in the 1st quarter valued at $48,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Antero Midstream by 24.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after purchasing an additional 688 shares during the period. Institutional investors own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AM. Morgan Stanley upped their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.88.

Insider Activity at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the 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 owns 130,349 shares in the company, valued at approximately $1,901,791.91. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by insiders.

Antero Midstream Stock Down 0.5 %

NYSE:AM opened at $14.97 on Thursday. Antero Midstream Co. has a 1 year low of $11.50 and a 1 year high of $15.21. The stock has a 50-day moving average price of $14.48 and a two-hundred day moving average price of $14.32. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 18.79 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 (NYSE:AM) last released its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.04). The business had revenue of $269.70 million for the quarter, compared to the consensus estimate 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 last year, the firm earned $0.22 EPS. As a group, equities analysts expect that Antero Midstream Co. will post 0.85 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.01%. Antero Midstream’s payout ratio is 112.50%.

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.