Algert Global LLC Grows Holdings in Antero Midstream Co. (NYSE:AM)

Algert Global LLC lifted its holdings in Antero Midstream Co. (NYSE:AM) by 373.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,413 shares of the pipeline company’s stock after buying an additional 201,513 shares during the quarter. Algert Global LLC owned approximately 0.05% of Antero Midstream worth $3,765,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AM. Allspring Global Investments Holdings LLC grew its position 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 worth $31,000 after buying an additional 1,753 shares during the period. MCF Advisors LLC purchased a new stake in Antero Midstream during the 1st quarter valued at about $34,000. Pacifica Partners Inc. purchased a new stake in Antero Midstream during the 1st quarter valued at about $48,000. City State Bank purchased a new stake in Antero Midstream during the 2nd quarter valued at about $51,000. Finally, First Horizon Advisors Inc. grew its position in Antero Midstream by 24.2% during 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 last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 23,518 shares of the stock in a transaction that occurred 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 transaction, 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

Antero Midstream Price Performance

AM opened at $15.05 on Tuesday. 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 stock has a market capitalization of $7.24 billion, a P/E ratio of 18.81 and a beta of 2.34. The company’s 50-day simple moving average is $14.52 and its two-hundred day simple moving average is $14.41. Antero Midstream Co. has a 52-week low of $11.50 and a 52-week high of $15.30.

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

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.98%. The ex-dividend date was Wednesday, July 24th. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley increased their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.