Dimensional Fund Advisors LP Cuts Stake in Antero Midstream Co. (NYSE:AM)

Dimensional Fund Advisors LP reduced its position in Antero Midstream Co. (NYSE:AMGet Rating) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,864,383 shares of the pipeline company’s stock after selling 567,470 shares during the quarter. Dimensional Fund Advisors LP owned 2.27% of Antero Midstream worth $117,229,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Retirement Systems of Alabama raised its position in shares of Antero Midstream by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 438,472 shares of the pipeline company’s stock valued at $4,025,000 after purchasing an additional 9,895 shares during the last quarter. Trexquant Investment LP grew its holdings in Antero Midstream by 314.2% during the third quarter. Trexquant Investment LP now owns 176,529 shares of the pipeline company’s stock worth $1,621,000 after acquiring an additional 133,911 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in Antero Midstream by 3.5% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 208,968 shares of the pipeline company’s stock valued at $2,255,000 after acquiring an additional 7,000 shares in the last quarter. Atom Investors LP acquired a new position in Antero Midstream in the third quarter valued at approximately $168,000. Finally, Point72 Asset Management L.P. boosted its position in Antero Midstream by 18.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 479,649 shares of the pipeline company’s stock worth $4,403,000 after purchasing an additional 75,149 shares in the last quarter. 52.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Michael N. Kennedy sold 300,000 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $10.47, for a total transaction of $3,141,000.00. Following the completion of the transaction, the insider now directly owns 1,060,730 shares of the company’s stock, valued at approximately $11,105,843.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Antero Midstream news, Director David H. Keyte bought 10,000 shares of Antero Midstream stock in a transaction on Wednesday, March 15th. The stock was bought at an average price of $10.01 per share, with a total value of $100,100.00. Following the completion of the acquisition, the director now owns 79,373 shares in the company, valued at $794,523.73. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael N. Kennedy sold 300,000 shares of the company’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $10.47, for a total transaction of $3,141,000.00. Following the transaction, the insider now directly owns 1,060,730 shares in the company, valued at $11,105,843.10. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

Antero Midstream Trading Up 0.9 %

Shares of Antero Midstream stock opened at $10.69 on Friday. Antero Midstream Co. has a fifty-two week low of $8.56 and a fifty-two week high of $11.61. The stock has a 50 day moving average of $10.35 and a 200 day moving average of $10.67. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 15.49 and a beta of 2.36. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.02 and a current ratio of 1.02.

Antero Midstream (NYSE:AMGet Rating) last posted its earnings results on Thursday, February 16th. The pipeline company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $241.60 million for the quarter, compared to analysts’ expectations of $235.91 million. Antero Midstream had a net margin of 34.62% and a return on equity of 17.56%. Antero Midstream’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 earnings per share. As a group, research analysts predict that Antero Midstream Co. will post 0.81 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 10th. Stockholders of record on Wednesday, April 26th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 8.42%. The ex-dividend date was Tuesday, April 25th. Antero Midstream’s payout ratio is 130.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AM shares. UBS Group assumed coverage on shares of Antero Midstream in a report on Wednesday, May 10th. They set a “buy” rating and a $14.00 price target on the stock. Capital One Financial restated an “equal weight” rating on shares of Antero Midstream in a research report on Thursday, April 20th. Finally, StockNews.com started coverage on Antero Midstream in a research report on Thursday. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.33.

Antero Midstream Profile

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Antero Midstream Corp. is a growth-oriented midstream energy company, which owns, operates, and develops midstream energy assets to service Antero Resources production and completion activity. It operates through the Gathering and Processing and Water Handling segments. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio.

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Institutional Ownership by Quarter for Antero Midstream (NYSE:AM)

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