LPL Financial LLC Has $2.55 Million Position in Antero Midstream Co. (NYSE:AM)

LPL Financial LLC raised its holdings in Antero Midstream Co. (NYSE:AM – Get Rating) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 236,193 shares of the pipeline company’s stock after buying an additional 2,588 shares during the period. LPL Financial LLC’s holdings in Antero Midstream were worth $2,549,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama increased its position in Antero Midstream by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 438,472 shares of the pipeline company’s stock worth $4,025,000 after purchasing an additional 9,895 shares in the last quarter. Trexquant Investment LP grew its position in Antero Midstream by 314.2% during the third quarter. Trexquant Investment LP now owns 176,529 shares of the pipeline company’s stock valued at $1,621,000 after buying an additional 133,911 shares during the period. Fort Washington Investment Advisors Inc. OH grew 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 buying an additional 7,000 shares during the period. Atom Investors LP bought a new position in Antero Midstream during the third quarter worth about $168,000. Finally, Point72 Asset Management L.P. boosted its position in Antero Midstream by 18.6% during the third 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 during the period. Institutional investors own 52.21% of the company’s stock.

Analyst Ratings Changes

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

Antero Midstream Stock Performance

Shares of AM stock opened at $10.69 on Friday. The company’s fifty day moving average price is $10.35 and its 200-day moving average price is $10.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.53. The stock has a market cap of $5.13 billion, a PE ratio of 15.49 and a beta of 2.36. Antero Midstream Co. has a 12 month low of $8.56 and a 12 month high of $11.61.

Antero Midstream (NYSE:AM – Get Rating) last issued its earnings results on Thursday, February 16th. The pipeline company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Antero Midstream had a return on equity of 17.56% and a net margin of 34.62%. The business had revenue of $241.60 million during the quarter, compared to analyst estimates of $235.91 million. During the same quarter in the previous year, the firm earned $0.20 EPS. Antero Midstream’s revenue was up 11.6% on a year-over-year basis. On average, equities analysts expect that Antero Midstream Co. will post 0.81 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 10th. Stockholders of record on Wednesday, April 26th were given a dividend of $0.225 per share. 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 currently 130.43%.

Insiders Place Their Bets

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