Dividend Assets Capital LLC Trims Position in Antero Midstream Co. (NYSE:AM)

Dividend Assets Capital LLC lowered its position in Antero Midstream Co. (NYSE:AM - Free Report) by 46.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,252 shares of the pipeline company's stock after selling 23,358 shares during the period. Dividend Assets Capital LLC's holdings in Antero Midstream were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. UMB Bank n.a. lifted its holdings in Antero Midstream by 170.8% during the 1st quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after buying an additional 2,188 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after acquiring an additional 963 shares during the period. Blue Trust Inc. raised its stake in shares of Antero Midstream by 84.3% during the fourth 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 in the last quarter. Allworth Financial LP grew its stake 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 purchasing an additional 951 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Antero Midstream in the 4th quarter worth $119,000. Hedge funds and other institutional investors own 53.97% of the company's stock.

Analysts Set New Price Targets

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

Antero Midstream Stock Performance

Shares of Antero Midstream stock traded up $0.01 during trading on Wednesday, hitting $18.14. 2,461,856 shares of the company's stock were exchanged, compared to its average volume of 2,926,669. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $19.09. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 21.85 and a beta of 1.03. The business has a 50-day simple moving average of $17.67 and a 200-day simple moving average of $16.71.

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

Antero Midstream Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 4.96%. Antero Midstream's dividend payout ratio (DPR) is currently 103.45%.

Insider Buying and Selling at Antero Midstream

In related 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 directly owns 73,645 shares in the company, valued at approximately $1,390,417.60. The trade was a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.

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.