Federated Hermes Inc. Purchases 10,101 Shares of Antero Midstream Co. (NYSE:AM)

Federated Hermes Inc. raised its holdings in shares of Antero Midstream Co. (NYSE:AM) by 28.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,569 shares of the pipeline company’s stock after acquiring an additional 10,101 shares during the quarter. Federated Hermes Inc.’s holdings in Antero Midstream were worth $672,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Antero Midstream by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 35,545,837 shares of the pipeline company’s stock worth $445,389,000 after buying an additional 193,263 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Antero Midstream by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 7,282,393 shares of the pipeline company’s stock worth $102,390,000 after purchasing an additional 84,000 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in Antero Midstream by 3.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock worth $82,228,000 after purchasing an additional 199,625 shares in the last quarter. Norges Bank bought a new position in shares of Antero Midstream during the 4th quarter valued at about $54,704,000. Finally, Westwood Holdings Group Inc. grew its position in shares of Antero Midstream by 46.6% during the first quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock valued at $44,632,000 after purchasing an additional 1,008,515 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 23,518 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the sale, the insider now owns 130,349 shares of the company’s stock, valued at $1,901,791.91. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

Antero Midstream Stock Up 1.6 %

Shares of NYSE AM opened at $14.81 on Monday. 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 Co. has a 12-month low of $11.50 and a 12-month high of $15.21. The firm’s 50-day moving average price is $14.48 and its 200-day moving average price is $14.35. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 18.51 and a beta of 2.34.

Antero Midstream (NYSE:AM) last issued 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 company had revenue of $269.70 million for the quarter, compared to analysts’ expectations 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 company earned $0.22 earnings per share. On average, equities research analysts anticipate that Antero Midstream Co. will post 0.85 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently commented on AM shares. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley upped their price objective on 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 issued a buy rating to the stock. According to MarketBeat, Antero Midstream presently has an average rating of “Hold” and a consensus price target of $13.88.

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.