Hennion & Walsh Asset Management Inc. Raises Stake in Antero Midstream Co. (NYSE:AM)

Hennion & Walsh Asset Management Inc. boosted its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 10.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,099 shares of the pipeline company's stock after buying an additional 19,844 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Antero Midstream were worth $3,908,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. boosted its position in shares of Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after purchasing an additional 963 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after purchasing an additional 2,612 shares in the last quarter. Allworth Financial LP boosted its holdings in Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after acquiring an additional 951 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Antero Midstream in the fourth quarter valued at approximately $119,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of Antero Midstream by 5,787.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock valued at $124,000 after acquiring an additional 8,102 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the transaction, the director now owns 73,645 shares in the company, valued at approximately $1,390,417.60. This represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

AM has been the subject of several research reports. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Morgan Stanley lifted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "underweight" rating in a report on Tuesday. Finally, Wells Fargo & Company boosted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th.

Antero Midstream Stock Up 0.0%

Shares of AM stock traded up $0.01 during trading hours on Thursday, reaching $18.54. The company had a trading volume of 1,785,887 shares, compared to its average volume of 2,920,402. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 22.33 and a beta of 0.99. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $19.09. The business has a fifty day simple moving average of $17.61 and a 200-day simple moving average of $16.61.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $291.13 million during the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The company's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. On average, research analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio is presently 103.45%.

Antero Midstream 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.