Transform Wealth LLC reduced its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 81.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,097 shares of the pipeline company's stock after selling 64,172 shares during the period. Transform Wealth LLC's holdings in Antero Midstream were worth $272,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in AM. Guild Investment Management Inc. bought a new position in shares of Antero Midstream in the 4th quarter worth about $1,883,000. Commonwealth Equity Services LLC lifted its position in shares of Antero Midstream by 45.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock worth $1,882,000 after buying an additional 39,048 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Antero Midstream in the 4th quarter valued at about $226,000. Empowered Funds LLC lifted its position in Antero Midstream by 4.3% in the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock valued at $636,000 after purchasing an additional 1,751 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Antero Midstream by 67.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 61,451 shares of the pipeline company's stock valued at $927,000 after purchasing an additional 24,840 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.
Antero Midstream Stock Performance
NYSE:AM traded up $0.10 during mid-day trading on Thursday, hitting $18.25. The stock had a trading volume of 2,057,387 shares, compared to its average volume of 2,929,725. Antero Midstream Co. has a 52 week low of $13.12 and a 52 week high of $19.09. The stock 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 50 day simple moving average of $17.67 and a 200-day simple moving average of $16.71. 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 (NYSE:AM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS 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 company had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. During the same period in the previous year, the firm earned $0.21 EPS. Antero Midstream's revenue was up 4.3% on a year-over-year basis. On average, research analysts expect that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.
Antero Midstream Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.93%. Antero Midstream's dividend payout ratio (DPR) is 103.45%.
Insiders Place Their Bets
In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction that occurred 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 owns 73,645 shares of the company's stock, valued at $1,390,417.60. The trade was a 6.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.61% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on AM. Wells Fargo & Company lifted 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. 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, Morgan Stanley reiterated an "underweight" rating and issued a $17.00 price objective (up from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd.
Read Our Latest Stock Analysis on Antero Midstream
About Antero Midstream
(
Free Report)
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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