Transform Wealth LLC Trims Stake in Antero Midstream Co. (NYSE:AM)

Transform Wealth LLC reduced its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 81.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 15,097 shares of the pipeline company's stock after selling 64,172 shares during the quarter. Transform Wealth LLC's holdings in Antero Midstream were worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AM. Guild Investment Management Inc. purchased a new stake in Antero Midstream in the fourth quarter worth $1,883,000. Commonwealth Equity Services LLC increased its stake in Antero Midstream by 45.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company's stock worth $1,882,000 after purchasing an additional 39,048 shares during the period. SBI Securities Co. Ltd. bought a new stake in Antero Midstream during the 4th quarter valued at about $226,000. Empowered Funds LLC lifted its holdings in Antero Midstream by 4.3% during the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock valued at $636,000 after buying an additional 1,751 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Antero Midstream by 67.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 61,451 shares of the pipeline company's stock valued at $927,000 after buying an additional 24,840 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AM has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of 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 stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley reissued an "underweight" rating and set a $17.00 price target (up previously from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd.

Antero Midstream Price Performance

NYSE AM remained flat at $18.25 during trading on Friday. The company's stock had a trading volume of 2,640,650 shares, compared to its average volume of 2,940,175. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $8.75 billion, a P/E ratio of 21.99 and a beta of 1.03. The firm's fifty day moving average is $17.76 and its 200 day moving average is $16.76. Antero Midstream Co. has a fifty-two week low of $13.12 and a fifty-two week high of $19.09.

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

Antero Midstream Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.93%. The ex-dividend date was Wednesday, April 23rd. Antero Midstream's payout ratio is 103.45%.

Insider Activity 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 value of $94,400.00. Following the completion of the sale, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by company 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.