Sigma Planning Corp Reduces Stock Holdings in Antero Midstream Co. (NYSE:AM)

Sigma Planning Corp trimmed its holdings in shares of Antero Midstream Co. (NYSE:AM) by 68.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,836 shares of the pipeline company’s stock after selling 38,736 shares during the period. Sigma Planning Corp’s holdings in Antero Midstream were worth $223,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Lindbrook Capital LLC boosted its holdings in shares of Antero Midstream by 78.5% during the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 919 shares during the period. Bleakley Financial Group LLC purchased a new stake in shares of Antero Midstream during the fourth quarter worth about $127,000. Simplicity Solutions LLC purchased a new stake in shares of Antero Midstream during the fourth quarter worth about $127,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Antero Midstream by 11.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 11,191 shares of the pipeline company’s stock worth $134,000 after purchasing an additional 1,151 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in shares of Antero Midstream during the third quarter worth about $155,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AM. 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. StockNews.com lowered shares of 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 given a buy rating to the stock. Based on data from MarketBeat.com, Antero Midstream currently has an average rating of “Hold” and a consensus price target of $12.70.

Antero Midstream Stock Performance

Shares of AM opened at $14.19 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 0.95. Antero Midstream Co. has a one year low of $9.69 and a one year high of $14.52. The company has a 50-day simple moving average of $13.70 and a two-hundred day simple moving average of $12.94. The firm has a market capitalization of $6.83 billion, a PE ratio of 17.74 and a beta of 2.25.

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

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders 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 6.34%. The ex-dividend date of this dividend is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio is 112.50%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

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.