Antero Midstream Co. (NYSE:AM) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in Antero Midstream Co. (NYSE:AM) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,853 shares of the pipeline company’s stock after buying an additional 7,131 shares during the quarter. Van ECK Associates Corp’s holdings in Antero Midstream were worth $1,276,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AM. Semanteon Capital Management LP purchased a new position in Antero Midstream in the fourth quarter worth approximately $164,000. Vanguard Personalized Indexing Management LLC raised its holdings in Antero Midstream by 4.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 37,360 shares of the pipeline company’s stock worth $448,000 after purchasing an additional 1,741 shares in the last quarter. California Public Employees Retirement System acquired a new stake in Antero Midstream in the third quarter valued at $2,183,000. Mackenzie Financial Corp grew its holdings in shares of Antero Midstream by 146.9% in the 4th quarter. Mackenzie Financial Corp now owns 144,627 shares of the pipeline company’s stock worth $1,812,000 after acquiring an additional 86,048 shares during the period. Finally, SeaBridge Investment Advisors LLC purchased a new stake in shares of Antero Midstream in the fourth quarter valued at about $1,226,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Up 0.6 %

AM stock opened at $14.35 on Friday. The company has a market cap of $6.91 billion, a PE ratio of 17.94 and a beta of 2.26. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.48. Antero Midstream Co. has a twelve month low of $10.09 and a twelve month high of $14.52. The business’s 50-day simple moving average is $13.90 and its 200 day simple moving average is $13.03.

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

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend was Tuesday, April 23rd. Antero Midstream’s payout ratio is presently 112.50%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AM shares. Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and raised their target price for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, May 4th. 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.70.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of Antero Midstream stock in a transaction 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 directly owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate 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.