Westwood Holdings Group Inc. Purchases 184,911 Shares of Antero Midstream Co. (NYSE:AM)

Westwood Holdings Group Inc. raised its position in Antero Midstream Co. (NYSE:AM) by 5.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,359,310 shares of the pipeline company’s stock after acquiring an additional 184,911 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.70% of Antero Midstream worth $49,516,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AM. Allspring Global Investments Holdings LLC lifted its stake in 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 purchasing an additional 1,753 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Antero Midstream in the first quarter valued at approximately $34,000. City State Bank bought a new position in shares of Antero Midstream during the 2nd quarter worth approximately $51,000. Pacifica Partners Inc. acquired a new position in shares of Antero Midstream during the 1st quarter worth approximately $48,000. Finally, First Horizon Advisors Inc. raised its stake in 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 acquiring an additional 688 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 130,349 shares in the company, valued at approximately $1,901,791.91. The sale was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by company insiders.

Antero Midstream Price Performance

NYSE:AM opened at $14.81 on Friday. 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’s 50-day simple moving average is $14.48 and its 200 day simple moving average is $14.34. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 18.51 and a beta of 2.34.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The business had revenue of $269.70 million during 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 firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. As a group, sell-side analysts predict that Antero Midstream Co. will post 0.85 earnings per share for the current year.

Antero Midstream Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AM shares. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley increased their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the company 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 issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.