Antero Midstr (AMGP) Holdings Increased by Catalyst Capital Advisors LLC
Catalyst Capital Advisors LLC raised its holdings in Antero Midstr (NYSE:AMGP) by 1,854.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,600 shares of the company’s stock after acquiring an additional 8,160 shares during the period. Catalyst Capital Advisors LLC’s holdings in Antero Midstr were worth $176,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Botty Investors LLC purchased a new position in shares of Antero Midstr during the 2nd quarter valued at about $101,000. BNP Paribas Arbitrage SA bought a new position in Antero Midstr during the 3rd quarter worth approximately $220,000. Wells Fargo & Company MN bought a new position in Antero Midstr during the 2nd quarter worth approximately $255,000. CNH Partners LLC bought a new position in Antero Midstr during the 2nd quarter worth approximately $319,000. Finally, JPMorgan Chase & Co. bought a new position in Antero Midstr during the 2nd quarter worth approximately $462,000. 61.36% of the stock is currently owned by hedge funds and other institutional investors.
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Antero Midstr (NYSE:AMGP) traded up $0.15 on Thursday, hitting $16.93. The stock had a trading volume of 529,700 shares, compared to its average volume of 435,103. Antero Midstr has a 52 week low of $16.62 and a 52 week high of $22.87.
Antero Midstr (NYSE:AMGP) last released its earnings results on Wednesday, November 1st. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). The firm had revenue of $19.07 million during the quarter, compared to analysts’ expectations of $19.44 million. Antero Midstr had a net margin of 4.41% and a return on equity of 17.95%. analysts expect that Antero Midstr will post 0.18 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 23rd. Stockholders of record on Wednesday, November 1st will be paid a $0.059 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Tuesday, October 31st. This is a boost from Antero Midstr’s previous quarterly dividend of $0.03.
AMGP has been the topic of several recent research reports. Stifel Nicolaus set a $24.00 price target on Antero Midstr and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered Antero Midstr from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Morgan Stanley restated an “overweight” rating on shares of Antero Midstr in a research report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) lowered Antero Midstr from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $29.00 to $23.00 in a research report on Friday, September 8th. Finally, Scotiabank restated a “hold” rating and set a $24.00 price target on shares of Antero Midstr in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Antero Midstr presently has an average rating of “Buy” and an average target price of $26.25.
About Antero Midstr
Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering.
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