Cwm LLC increased its stake in shares of Antero Midstream Co. (NYSE:AM – Free Report) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,115 shares of the pipeline company’s stock after buying an additional 768 shares during the quarter. Cwm LLC’s holdings in Antero Midstream were worth $122,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in AM. Atomi Financial Group Inc. bought a new position in Antero Midstream in the 3rd quarter valued at about $471,000. SG Americas Securities LLC boosted its position in shares of Antero Midstream by 1,141.2% during the 3rd quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock worth $7,085,000 after acquiring an additional 432,817 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Antero Midstream in the second quarter valued at approximately $434,000. Sanctuary Advisors LLC acquired a new position in Antero Midstream during the second quarter valued at approximately $148,000. Finally, Cetera Investment Advisers lifted its stake in Antero Midstream by 6.8% during the second quarter. Cetera Investment Advisers now owns 515,500 shares of the pipeline company’s stock worth $7,598,000 after purchasing an additional 32,853 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.
Insider Buying and Selling
In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the transaction, the insider now directly owns 130,349 shares in the company, valued at approximately $1,901,791.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by corporate insiders.
Antero Midstream Stock Up 0.0 %
Antero Midstream (NYSE:AM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The firm had revenue of $269.70 million for the quarter, compared to the consensus estimate of $274.66 million. Antero Midstream had a return on equity of 19.40% and a net margin of 36.19%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS. On average, equities analysts predict that Antero Midstream Co. will post 0.85 EPS for the current fiscal year.
Antero Midstream Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a $0.225 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 6.00%. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.
Analysts Set New Price Targets
AM has been the topic of several recent analyst reports. Morgan Stanley lifted their price target on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th.
Get Our Latest Stock Report on AM
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.
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