Columbus Macro LLC Boosts Stake in Antero Midstream Co. (NYSE:AM)

Columbus Macro LLC raised its position in Antero Midstream Co. (NYSE:AM - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 496,194 shares of the pipeline company's stock after buying an additional 33,822 shares during the period. Antero Midstream accounts for 1.2% of Columbus Macro LLC's investment portfolio, making the stock its 16th biggest holding. Columbus Macro LLC owned 0.10% of Antero Midstream worth $8,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of Antero Midstream by 170.8% during the 1st quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock worth $62,000 after purchasing an additional 2,188 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Antero Midstream by 20.5% in 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 during the period. Blue Trust Inc. boosted its holdings in Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after purchasing an additional 2,612 shares during the period. Allworth Financial LP boosted its holdings in Antero Midstream by 17.8% in the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after purchasing an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Antero Midstream during the 4th quarter worth $119,000. Hedge funds and other institutional investors own 53.97% of the company's stock.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the sale, the director now owns 73,645 shares in the company, valued at $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 SEC, which is available through the SEC website. Insiders own 0.61% of the company's stock.

Antero Midstream Price Performance

Shares of NYSE AM opened at $18.25 on Monday. 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 50 day simple moving average of $17.76 and a two-hundred day simple moving average of $16.76. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 21.99 and a beta of 1.03. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

Antero Midstream (NYSE:AM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $277.79 million. During the same quarter last year, the firm earned $0.21 earnings per share. The business's revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on AM shares. Morgan Stanley restated an "underweight" rating and issued a $17.00 price objective (up previously from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th.

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.

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