Antero Midstream Co. (NYSE:AM) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in shares of Antero Midstream Co. (NYSE:AM) by 149.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,100 shares of the pipeline company’s stock after buying an additional 1,857 shares during the period. Blue Trust Inc.’s holdings in Antero Midstream were worth $46,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Antero Midstream by 360.0% during the first 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. City State Bank acquired a new stake in Antero Midstream in the second quarter worth approximately $51,000. First Horizon Advisors Inc. lifted its position in Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 688 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in Antero Midstream in the second quarter worth approximately $55,000. Finally, Covestor Ltd lifted its position in Antero Midstream by 433.9% in the first quarter. Covestor Ltd now owns 5,830 shares of the pipeline company’s stock worth $82,000 after purchasing an additional 4,738 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Price Performance

Shares of NYSE:AM opened at $14.38 on Friday. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $15.87. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.50. The company has a market cap of $6.92 billion, a P/E ratio of 17.75 and a beta of 2.34. The company’s fifty day moving average is $14.96 and its two-hundred day moving average is $14.62.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, October 30th. The pipeline company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). Antero Midstream had a return on equity of 18.88% and a net margin of 36.16%. The company had revenue of $269.87 million during the quarter, compared to analyst estimates of $269.88 million. 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 declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date is Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Insider Transactions at Antero Midstream

In related news, insider Sheri Pearce sold 23,518 shares of the company’s 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 completion of 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 document filed with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AM has been the subject of a number of research analyst reports. Morgan Stanley upped their target price on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th.

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.