Citigroup Inc. Sells 119,887 Shares of Antero Midstream Co. (NYSE:AM)

Citigroup Inc. trimmed its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 84.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,358 shares of the pipeline company's stock after selling 119,887 shares during the period. Citigroup Inc.'s holdings in Antero Midstream were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Strs Ohio boosted its position in Antero Midstream by 0.6% during the third quarter. Strs Ohio now owns 151,265 shares of the pipeline company's stock worth $1,812,000 after purchasing an additional 917 shares during the period. Captrust Financial Advisors lifted its position in shares of Antero Midstream by 11.5% in the first quarter. Captrust Financial Advisors now owns 9,651 shares of the pipeline company's stock worth $105,000 after purchasing an additional 994 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Antero Midstream by 7.7% during the third quarter. Integrated Wealth Concepts LLC now owns 13,968 shares of the pipeline company's stock worth $167,000 after acquiring an additional 1,000 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Antero Midstream by 4.2% in the third quarter. HighTower Advisors LLC now owns 26,592 shares of the pipeline company's stock valued at $318,000 after acquiring an additional 1,076 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its stake in shares of Antero Midstream by 9.9% in the 1st quarter. Apollon Wealth Management LLC now owns 12,497 shares of the pipeline company's stock valued at $131,000 after purchasing an additional 1,124 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total transaction of $224,105.98. Following the sale, the insider now owns 170,266 shares in the company, valued at $2,327,536.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AM. StockNews.com cut Antero Midstream from a "buy" rating to a "hold" rating in a research note on Friday, March 22nd. Tudor, Pickering, Holt & Co. downgraded Antero Midstream from a "buy" rating to a "hold" rating and boosted their price target for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $12.70.

Antero Midstream Stock Performance

Shares of AM traded up $0.16 during trading hours on Thursday, reaching $14.06. 2,774,752 shares of the company traded hands, compared to its average volume of 2,877,679. The stock has a market cap of $6.74 billion, a P/E ratio of 18.25 and a beta of 2.26. The stock's fifty day moving average is $12.89 and its 200 day moving average is $12.60. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 0.95. Antero Midstream Co. has a 1-year low of $9.69 and a 1-year high of $14.12.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. Antero Midstream had a net margin of 35.69% and a return on equity of 19.96%. The firm had revenue of $260.17 million during the quarter, compared to the consensus estimate of $261.04 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Antero Midstream Co. will post 0.96 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend was Tuesday, January 23rd. Antero Midstream's payout ratio is 116.88%.

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.