Yousif Capital Management LLC Has $2.07 Million Stake in Antero Midstream Co. (NYSE:AM)

Yousif Capital Management LLC lessened its holdings in Antero Midstream Co. (NYSE:AM) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,883 shares of the pipeline company’s stock after selling 3,353 shares during the period. Yousif Capital Management LLC’s holdings in Antero Midstream were worth $2,068,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hancock Whitney Corp raised its position in shares of Antero Midstream by 1.5% in the fourth quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company’s stock worth $650,000 after buying an additional 624 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Antero Midstream by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company’s stock worth $227,000 after purchasing an additional 724 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of Antero Midstream by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 19,773 shares of the pipeline company’s stock worth $298,000 after purchasing an additional 821 shares during the last quarter. Arizona State Retirement System boosted its position in Antero Midstream by 0.8% during the 4th quarter. Arizona State Retirement System now owns 104,752 shares of the pipeline company’s stock valued at $1,581,000 after acquiring an additional 824 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Antero Midstream by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 149,041 shares of the pipeline company’s stock valued at $2,249,000 after acquiring an additional 940 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on AM. Wall Street Zen upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Wells Fargo & Company upped their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $17.00 price target (up previously from $16.00) on shares of Antero Midstream in a research note on Tuesday, June 3rd.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the transaction, the director now directly owns 73,645 shares of the company’s stock, valued at $1,390,417.60. The trade was a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is currently owned by company insiders.

Antero Midstream Price Performance

Shares of AM stock opened at $18.25 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The company’s 50-day simple moving average is $17.76 and its two-hundred day simple moving average is $16.76. Antero Midstream Co. has a one year low of $13.12 and a one year high of $19.09. The company has a market capitalization of $8.75 billion, a P/E ratio of 21.99 and a beta of 1.03.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a $0.225 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.93%. Antero Midstream’s dividend payout ratio (DPR) is 103.45%.

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.