Qube Research & Technologies Ltd lifted its holdings in shares of Antero Midstream Co. (NYSE:AM – Get Rating) by 344.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 356,888 shares of the pipeline company's stock after purchasing an additional 276,612 shares during the period. Qube Research & Technologies Ltd owned about 0.07% of Antero Midstream worth $3,879,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in AM. Allspring Global Investments Holdings LLC bought a new stake in Antero Midstream in the 4th quarter worth $595,000. Commonwealth Equity Services LLC boosted its stake in shares of Antero Midstream by 2.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 94,763 shares of the pipeline company's stock valued at $917,000 after purchasing an additional 2,531 shares in the last quarter. Yousif Capital Management LLC bought a new stake in shares of Antero Midstream during the 4th quarter valued at about $1,764,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Antero Midstream by 105.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,425 shares of the pipeline company's stock valued at $595,000 after purchasing an additional 31,467 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Antero Midstream by 10.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 105,585 shares of the pipeline company's stock valued at $1,022,000 after purchasing an additional 9,581 shares in the last quarter. Institutional investors own 53.92% of the company's stock.
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Antero Midstream Trading Up 2.1 %
Shares of NYSE AM opened at $10.08 on Thursday. Antero Midstream Co. has a 1 year low of $8.42 and a 1 year high of $11.71. The stock has a market cap of $4.82 billion, a P/E ratio of 14.61 and a beta of 2.60. The firm has a 50-day moving average of $9.76 and a 200 day moving average of $10.15. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.62 and a quick ratio of 0.62.
Antero Midstream (NYSE:AM – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). Antero Midstream had a net
margin of 36.84% and a return on equity of 17.01%. The business had revenue of $228.91 million for the quarter, compared to analysts' expectations of $238.28 million. During the same period last year, the business earned $0.23 earnings per share. The company's revenue was down 1.7% on a year-over-year basis. As a group, sell-side analysts expect that Antero Midstream Co. will post 0.79 EPS for the current fiscal year.
Antero Midstream Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 10th. Investors of record on Wednesday, July 27th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Tuesday, July 26th. This represents a $0.90 dividend on an annualized basis and a yield of 8.93%. Antero Midstream's dividend payout ratio (DPR) is currently 130.44%.
Insider Activity at Antero Midstream
In other Antero Midstream news, Director W Howard Keenan, Jr. sold 303,254 shares of Antero Midstream stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $10.32, for a total value of $3,129,581.28. Following the completion of the transaction, the director now directly owns 517,138 shares of the company's stock, valued at $5,336,864.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Antero Midstream news, Director W Howard Keenan, Jr. sold 242,868 shares of Antero Midstream stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $10.49, for a total value of $2,547,685.32. Following the completion of the transaction, the director now directly owns 114,555 shares of the company's stock, valued at $1,201,681.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Howard Keenan, Jr. sold 303,254 shares of Antero Midstream stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $10.32, for a total transaction of $3,129,581.28. Following the completion of the transaction, the director now directly owns 517,138 shares of the company's stock, valued at $5,336,864.16. The disclosure for this sale can be found here. Insiders sold a total of 865,620 shares of company stock valued at $8,963,071 in the last three months. Company insiders own 0.80% of the company's stock.
Wall Street Analysts Forecast Growth
AM has been the topic of a number of research reports. Wells Fargo & Company raised shares of Antero Midstream from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $12.00 to $13.00 in a research note on Thursday, April 28th. TheStreet lowered shares of Antero Midstream from a "b-" rating to a "c" rating in a research note on Wednesday, July 27th. Finally, Barclays cut their target price on shares of Antero Midstream from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $11.00.
Antero Midstream Profile
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Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. 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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