State of Alaska Department of Revenue boosted its holdings in Antero Midstream Co. (NYSE:AM – Get Rating) by 3.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 89,208 shares of the pipeline company's stock after buying an additional 3,201 shares during the period. State of Alaska Department of Revenue's holdings in Antero Midstream were worth $807,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Antero Midstream by 8.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,878,613 shares of the pipeline company's stock valued at $53,031,000 after purchasing an additional 373,040 shares during the period. Garde Capital Inc. purchased a new stake in shares of Antero Midstream during the first quarter valued at approximately $110,000. Neuberger Berman Group LLC raised its stake in shares of Antero Midstream by 17.9% during the first quarter. Neuberger Berman Group LLC now owns 4,559,923 shares of the pipeline company's stock valued at $49,566,000 after purchasing an additional 692,141 shares during the period. Virtu Financial LLC purchased a new stake in shares of Antero Midstream during the first quarter valued at approximately $664,000. Finally, Donoghue Forlines LLC raised its stake in shares of Antero Midstream by 203.5% during the first quarter. Donoghue Forlines LLC now owns 181,676 shares of the pipeline company's stock valued at $1,975,000 after purchasing an additional 121,813 shares during the period. Hedge funds and other institutional investors own 52.63% of the company's stock.
Get Antero Midstream alerts:Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on AM. Barclays dropped their price objective 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. TheStreet downgraded shares of Antero Midstream from a "b-" rating to a "c" rating in a research report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $11.00.
Antero Midstream Stock Down 1.3 %
AM stock opened at $9.21 on Friday. Antero Midstream Co. has a twelve month low of $8.56 and a twelve month high of $11.71. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $4.41 billion, a P/E ratio of 13.35 and a beta of 2.56. The firm has a 50 day simple moving average of $10.00 and a 200-day simple moving average of $10.17.Antero Midstream (NYSE:AM – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The pipeline company reported $0.20 EPS for the quarter, hitting analysts' consensus estimates of $0.20. The firm had revenue of $228.91 million during the quarter, compared to the consensus estimate of $238.28 million. Antero Midstream had a net margin of 36.84% and a return on equity of 17.01%. The firm's revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, equities research analysts predict that Antero Midstream Co. will post 0.76 earnings per share for the current fiscal year.
Antero Midstream Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 10th. Shareholders of record on Wednesday, July 27th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 9.77%. The ex-dividend date of this dividend was Tuesday, July 26th. Antero Midstream's dividend payout ratio is presently 130.44%.
About Antero Midstream
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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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