Chickasaw Capital Management LLC Sells 78,916 Shares of Antero Midstream Co. (NYSE:AM)

Chickasaw Capital Management LLC lessened its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 4.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,707,512 shares of the pipeline company's stock after selling 78,916 shares during the period. Antero Midstream comprises about 1.2% of Chickasaw Capital Management LLC's portfolio, making the stock its 13th largest holding. Chickasaw Capital Management LLC owned 0.36% of Antero Midstream worth $30,735,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. TD Waterhouse Canada Inc. lifted 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 acquiring an additional 963 shares during the last quarter. Blue Trust Inc. lifted 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 valued at $86,000 after acquiring an additional 2,612 shares during the last quarter. Allworth Financial LP lifted its position in shares of Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after acquiring an additional 951 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Antero Midstream during the 4th quarter valued at $119,000. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Antero Midstream by 5,787.1% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AM. Morgan Stanley reissued an "underweight" rating and set a $17.00 target price (up from $16.00) on shares of Antero Midstream in a research note on Tuesday. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the transaction, the director now directly owns 73,645 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

Antero Midstream Stock Up 1.2%

NYSE:AM traded up $0.22 during trading hours on Friday, hitting $18.78. 1,673,113 shares of the stock traded hands, compared to its average volume of 2,923,339. The firm has a 50 day moving average price of $17.63 and a 200 day moving average price of $16.65. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $19.09. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of 22.63 and a beta of 1.03.

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

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

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.