Antero Midstream Co. (NYSE:AM) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its holdings in shares of Antero Midstream Co. (NYSE:AM) by 78.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,089 shares of the pipeline company’s stock after purchasing an additional 919 shares during the period. Lindbrook Capital LLC’s holdings in Antero Midstream were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Invesco Ltd. lifted its position in Antero Midstream by 0.4% during the third quarter. Invesco Ltd. now owns 33,534,655 shares of the pipeline company’s stock valued at $401,745,000 after purchasing an additional 135,163 shares during the period. RR Advisors LLC increased its holdings in Antero Midstream by 2.9% in the third quarter. RR Advisors LLC now owns 6,076,000 shares of the pipeline company’s stock valued at $72,785,000 after buying an additional 169,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Antero Midstream by 9.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,503,015 shares of the pipeline company’s stock valued at $41,966,000 after buying an additional 309,126 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in Antero Midstream by 2.1% in the third quarter. Kayne Anderson Capital Advisors LP now owns 2,265,000 shares of the pipeline company’s stock valued at $27,135,000 after buying an additional 46,600 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Antero Midstream by 2.0% in the third quarter. American Century Companies Inc. now owns 1,854,749 shares of the pipeline company’s stock valued at $22,220,000 after buying an additional 36,374 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Antero Midstream

In related news, insider Sheri Pearce sold 16,394 shares of the company’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 of the company’s stock, valued at approximately $2,327,536.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AM. Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a “buy” rating to a “hold” rating and lifted their price objective for the company from $12.00 to $13.00 in a report on Tuesday, March 12th. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.70.

Antero Midstream Stock Down 0.2 %

AM stock opened at $14.20 on Friday. The stock has a market capitalization of $6.81 billion, a P/E ratio of 17.74 and a beta of 2.25. The firm has a 50-day simple moving average of $13.66 and a 200-day simple moving average of $12.91. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 52 week low of $9.69 and a 52 week high of $14.52.

Antero Midstream (NYSE:AM) last released its earnings results on Thursday, February 15th. The pipeline company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $261.04 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. Equities analysts forecast that Antero Midstream Co. will post 0.96 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.34%. Antero Midstream’s dividend payout ratio is presently 112.50%.

Antero Midstream Company 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.