New York State Common Retirement Fund Has $4.99 Million Stock Position in Antero Midstream Co. (NYSE:AM)

New York State Common Retirement Fund decreased its position in Antero Midstream Co. (NYSE:AM) by 6.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 397,862 shares of the pipeline company’s stock after selling 26,290 shares during the period. New York State Common Retirement Fund’s holdings in Antero Midstream were worth $4,985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AM. SG Americas Securities LLC lifted its position in Antero Midstream by 3.8% in the 3rd quarter. SG Americas Securities LLC now owns 59,426 shares of the pipeline company’s stock valued at $712,000 after acquiring an additional 2,175 shares in the last quarter. SVB Wealth LLC lifted its position in Antero Midstream by 44.0% in the 3rd quarter. SVB Wealth LLC now owns 21,807 shares of the pipeline company’s stock valued at $261,000 after acquiring an additional 6,664 shares in the last quarter. Xponance Inc. lifted its position in Antero Midstream by 8.0% in the 3rd quarter. Xponance Inc. now owns 57,654 shares of the pipeline company’s stock valued at $691,000 after acquiring an additional 4,254 shares in the last quarter. Raymond James & Associates lifted its position in Antero Midstream by 3.8% in the 3rd quarter. Raymond James & Associates now owns 50,961 shares of the pipeline company’s stock valued at $611,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Antero Midstream by 2.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 330,585 shares of the pipeline company’s stock valued at $3,960,000 after acquiring an additional 7,379 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of the business’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 transaction, the insider now directly owns 170,266 shares in the company, valued at approximately $2,327,536.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Antero Midstream Trading Up 1.4 %

Shares of NYSE:AM opened at $14.15 on Friday. The company’s 50-day moving average price is $13.82 and its two-hundred day moving average price is $12.98. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. Antero Midstream Co. has a one year low of $10.09 and a one year high of $14.52. The stock has a market capitalization of $6.81 billion, a PE ratio of 17.69 and a beta of 2.26.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $279.05 million for the quarter, compared to analyst estimates of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share. On average, equities analysts forecast that Antero Midstream Co. will post 0.89 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 6.36%. 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.