SG Americas Securities LLC Sells 176,500 Shares of Antero Midstream Co. (NYSE:AM)

SG Americas Securities LLC cut its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 44.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,306 shares of the pipeline company's stock after selling 176,500 shares during the quarter. SG Americas Securities LLC's holdings in Antero Midstream were worth $3,912,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hancock Whitney Corp increased its stake in Antero Midstream by 1.5% during the 4th quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company's stock worth $650,000 after buying an additional 624 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Antero Midstream by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company's stock worth $227,000 after acquiring an additional 724 shares in the last quarter. Metis Global Partners LLC increased its position in Antero Midstream by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 19,773 shares of the pipeline company's stock worth $298,000 after buying an additional 821 shares during the period. Arizona State Retirement System grew its stake in shares of Antero Midstream by 0.8% in the 4th quarter. Arizona State Retirement System now owns 104,752 shares of the pipeline company's stock valued at $1,581,000 after purchasing an additional 824 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of Antero Midstream by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 149,041 shares of the pipeline company's stock valued at $2,249,000 after purchasing an additional 940 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AM has been the subject of a number of analyst reports. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company increased their price target on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley reiterated an "underweight" rating and set a $17.00 price target (up from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd.

Antero Midstream Price Performance

Shares of NYSE AM remained flat at $18.25 during trading hours on Friday. The company had a trading volume of 2,640,650 shares, compared to its average volume of 2,936,195. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $19.09. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $8.75 billion, a PE ratio of 21.99 and a beta of 1.03. The firm has a fifty day moving average of $17.76 and a 200-day moving average of $16.74.

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

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.93%. The ex-dividend date was Wednesday, April 23rd. Antero Midstream's payout ratio is presently 103.45%.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the sale, the director now owns 73,645 shares in the company, valued at $1,390,417.60. The trade was a 6.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

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.