Retirement Systems of Alabama Raises Stake in Antero Midstream Co. (NYSE:AM)

Retirement Systems of Alabama boosted its position in Antero Midstream Co. (NYSE:AM) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 426,580 shares of the pipeline company’s stock after buying an additional 1,340 shares during the period. Retirement Systems of Alabama’s holdings in Antero Midstream were worth $5,345,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its position in Antero Midstream by 78.5% in the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after buying an additional 919 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Antero Midstream by 175.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock valued at $38,000 after buying an additional 1,930 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Antero Midstream in the fourth quarter valued at approximately $51,000. Harvest Fund Management Co. Ltd purchased a new stake in Antero Midstream in the fourth quarter valued at approximately $104,000. Finally, Bleakley Financial Group LLC purchased a new stake in Antero Midstream in the fourth quarter valued at approximately $127,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Insider Transactions at Antero Midstream

In related 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 value of $224,105.98. Following the completion of the transaction, the insider now directly owns 170,266 shares of the company’s stock, valued at approximately $2,327,536.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Antero Midstream Trading Up 1.4 %

Shares of NYSE:AM opened at $14.15 on Monday. Antero Midstream Co. has a 12-month low of $10.09 and a 12-month high of $14.52. The company has a market capitalization of $6.81 billion, a PE ratio of 17.69 and a beta of 2.26. The business has a 50 day moving average of $13.82 and a two-hundred day moving average of $12.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48.

Antero Midstream (NYSE:AM) last announced its earnings results 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 business 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 company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. As a group, analysts forecast that Antero Midstream Co. will post 0.89 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently announced 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. This represents a $0.90 annualized dividend and a dividend yield of 6.36%. The ex-dividend date of this dividend is Tuesday, April 23rd. Antero Midstream’s payout ratio is 112.50%.

Analysts Set New Price Targets

AM has been the topic of a number of recent research reports. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday. Tudor, Pickering, Holt & Co. downgraded Antero Midstream from a “buy” rating to a “hold” rating and boosted their price target for the company from $12.00 to $13.00 in a report on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.70.

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.