Xponance Inc. Sells 1,226 Shares of Antero Midstream Co. (NYSE:AM)

Xponance Inc. lowered its position in shares of Antero Midstream Co. (NYSE:AM) by 2.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,428 shares of the pipeline company’s stock after selling 1,226 shares during the period. Xponance Inc.’s holdings in Antero Midstream were worth $707,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bleakley Financial Group LLC acquired a new position in shares of Antero Midstream in the 4th quarter valued at about $127,000. Simplicity Solutions LLC acquired a new position in shares of Antero Midstream in the 4th quarter valued at about $127,000. B. Riley Wealth Advisors Inc. lifted its stake in shares of Antero Midstream by 11.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 11,191 shares of the pipeline company’s stock valued at $134,000 after purchasing an additional 1,151 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Antero Midstream in the 3rd quarter valued at about $155,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Antero Midstream in the 3rd quarter valued at about $161,000. Institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

AM has been the topic of a number of recent analyst reports. Tudor, Pickering, Holt & Co. downgraded Antero Midstream from a “buy” rating to a “hold” rating and boosted their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a report on Thursday. Two 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.70.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total transaction of $224,105.98. Following the sale, the insider now owns 170,266 shares in the company, valued at $2,327,536.22. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

Antero Midstream Stock Performance

AM stock opened at $14.20 on Friday. The firm has a market cap of $6.81 billion, a PE ratio of 17.74 and a beta of 2.25. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.49. The business has a 50 day moving average of $13.66 and a 200-day moving average of $12.91. Antero Midstream Co. has a 12-month low of $9.69 and a 12-month high of $14.52.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The business had revenue of $260.17 million for the quarter, compared to the consensus estimate of $261.04 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. Antero Midstream’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, sell-side analysts expect that Antero Midstream Co. will post 0.96 earnings per share for the current year.

Antero Midstream Dividend Announcement

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

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.