SG Americas Securities LLC Sells 44,668 Shares of Antero Midstream Co. (NYSE:AM)

SG Americas Securities LLC decreased its stake in shares of Antero Midstream Co. (NYSE:AM) by 75.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,758 shares of the pipeline company’s stock after selling 44,668 shares during the period. SG Americas Securities LLC’s holdings in Antero Midstream were worth $185,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Covestor Ltd increased its position in shares of Antero Midstream by 2,155.9% during the first quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 2,199 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in Antero Midstream by 248.2% during the first quarter. Belpointe Asset Management LLC now owns 2,646 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 1,886 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in Antero Midstream during the third quarter worth $60,000. Steward Partners Investment Advisory LLC boosted its holdings in Antero Midstream by 1,731.1% during the first quarter. Steward Partners Investment Advisory LLC now owns 6,354 shares of the pipeline company’s stock worth $67,000 after purchasing an additional 6,007 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Antero Midstream during the second quarter worth $82,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

Shares of AM stock opened at $13.91 on Friday. The stock has a market cap of $6.67 billion, a P/E ratio of 18.06 and a beta of 2.25. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.95 and a quick ratio of 0.95. The company has a fifty day moving average price of $13.32 and a two-hundred day moving average price of $12.79. Antero Midstream Co. has a one year low of $9.69 and a one year high of $14.52.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $261.04 million. Antero Midstream had a net margin of 35.69% and a return on equity of 19.96%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 earnings per share. As a group, equities analysts predict that Antero Midstream Co. will post 0.96 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date of this dividend is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio is presently 116.88%.

Analyst Ratings Changes

Several research analysts recently commented on AM shares. Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a “buy” rating to a “hold” rating and increased their target price for the stock from $12.00 to $13.00 in a report on Tuesday, March 12th. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.70.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the completion of the sale, the insider now owns 170,266 shares in the company, valued at approximately $2,327,536.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by corporate insiders.

Antero Midstream 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.