Mutual of America Capital Management LLC Sells 10,917 Shares of Antero Midstream Co. (NYSE:AM)

Mutual of America Capital Management LLC lowered its holdings in shares of Antero Midstream Co. (NYSE:AM) by 4.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 210,330 shares of the pipeline company’s stock after selling 10,917 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Antero Midstream were worth $2,635,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AM. Strs Ohio grew its stake in shares of Antero Midstream by 0.6% during the third quarter. Strs Ohio now owns 151,265 shares of the pipeline company’s stock valued at $1,812,000 after buying an additional 917 shares during the last quarter. Captrust Financial Advisors grew its position in Antero Midstream by 11.5% during the 1st quarter. Captrust Financial Advisors now owns 9,651 shares of the pipeline company’s stock worth $105,000 after acquiring an additional 994 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Antero Midstream by 7.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 13,968 shares of the pipeline company’s stock worth $167,000 after purchasing an additional 1,000 shares during the period. Sequoia Financial Advisors LLC lifted its position in Antero Midstream by 6.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 17,429 shares of the pipeline company’s stock valued at $218,000 after purchasing an additional 1,006 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Antero Midstream by 4.2% during the third quarter. HighTower Advisors LLC now owns 26,592 shares of the pipeline company’s stock valued at $318,000 after purchasing an additional 1,076 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AM shares. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Tudor, Pickering, Holt & Co. lowered 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Antero Midstream has an average rating of “Hold” and a consensus price target of $12.70.

Antero Midstream Stock Up 1.2 %

Shares of Antero Midstream stock opened at $13.82 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 12-month low of $9.69 and a 12-month high of $14.52. The company has a market cap of $6.63 billion, a P/E ratio of 17.94 and a beta of 2.25. The company’s fifty day simple moving average is $13.45 and its two-hundred day simple moving average is $12.83.

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

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio is currently 116.88%.

Insider Activity

In related news, insider Sheri Pearce sold 16,394 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the sale, the insider now directly owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by company 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.