Hsbc Holdings PLC Decreases Holdings in Antero Midstream Co. (NYSE:AM)

Hsbc Holdings PLC reduced its position in Antero Midstream Co. (NYSE:AM) by 13.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,339 shares of the pipeline company’s stock after selling 1,850 shares during the period. Hsbc Holdings PLC’s holdings in Antero Midstream were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its holdings in 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 purchasing an additional 688 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in Antero Midstream by 1.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock worth $1,158,000 after acquiring an additional 798 shares in the last quarter. Retirement Systems of Alabama raised its stake in Antero Midstream by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 427,703 shares of the pipeline company’s stock worth $6,014,000 after acquiring an additional 1,123 shares during the period. Pitcairn Co. lifted its holdings in Antero Midstream by 7.2% during the first quarter. Pitcairn Co. now owns 18,784 shares of the pipeline company’s stock valued at $264,000 after purchasing an additional 1,259 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Antero Midstream by 4.4% during the first quarter. US Bancorp DE now owns 34,127 shares of the pipeline company’s stock valued at $480,000 after purchasing an additional 1,446 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

AM has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, August 27th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Insider Buying and Selling 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 stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the sale, the insider now directly owns 130,349 shares in the company, valued at approximately $1,901,791.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.61% of the company’s stock.

Antero Midstream Price Performance

NYSE:AM opened at $15.80 on Friday. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 19.75 and a beta of 2.34. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50 day simple moving average of $14.60 and a 200-day simple moving average of $14.46. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $15.85.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). Antero Midstream had a return on equity of 19.40% and a net margin of 36.19%. The firm had revenue of $269.70 million for the quarter, compared to analysts’ expectations of $274.66 million. During the same period in the previous year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts forecast that Antero Midstream Co. will post 0.85 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.70%. The ex-dividend date was Wednesday, July 24th. Antero Midstream’s payout ratio is currently 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.