Hancock Whitney Corp Sells 717 Shares of Antero Midstream Co. (NYSE:AM)

Hancock Whitney Corp lowered its stake in Antero Midstream Co. (NYSE:AM) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,742 shares of the pipeline company’s stock after selling 717 shares during the quarter. Hancock Whitney Corp’s holdings in Antero Midstream were worth $630,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AM. Allspring Global Investments Holdings LLC grew its stake in Antero Midstream by 360.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 1,753 shares during the period. MCF Advisors LLC bought a new stake in Antero Midstream during the 1st quarter valued at $34,000. City State Bank acquired a new position in Antero Midstream during the second quarter worth $51,000. Pacifica Partners Inc. bought a new position in shares of Antero Midstream in the first quarter valued at $48,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Antero Midstream by 24.2% during the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after buying an additional 688 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Buying and Selling at Antero Midstream

In other news, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $1,901,791.91. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Antero Midstream Trading Up 2.3 %

NYSE:AM opened at $15.15 on Tuesday. Antero Midstream Co. has a 52 week low of $11.50 and a 52 week high of $15.21. The firm has a 50-day moving average price of $14.50 and a two-hundred day moving average price of $14.36. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 18.94 and a beta of 2.34. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.89 and a current ratio of 0.89.

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

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Wednesday, July 24th. Antero Midstream’s dividend payout ratio is 112.50%.

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.