Antero Midstream Co. (NYSE:AM) Shares Sold by JGP Wealth Management LLC

JGP Wealth Management LLC trimmed its holdings in Antero Midstream Co. (NYSE:AM) by 7.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,150 shares of the pipeline company’s stock after selling 3,413 shares during the quarter. JGP Wealth Management LLC’s holdings in Antero Midstream were worth $619,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Chickasaw Capital Management LLC lifted its holdings in shares of Antero Midstream by 3.8% in the first quarter. Chickasaw Capital Management LLC now owns 2,219,519 shares of the pipeline company’s stock valued at $31,206,000 after purchasing an additional 81,374 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Antero Midstream during the 1st quarter valued at about $1,506,000. Clearbridge Investments LLC increased its stake in Antero Midstream by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 7,282,393 shares of the pipeline company’s stock worth $102,390,000 after buying an additional 84,000 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Antero Midstream by 18.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,932,935 shares of the pipeline company’s stock valued at $41,237,000 after purchasing an additional 452,535 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC acquired a new stake in shares of Antero Midstream during the 2nd quarter valued at approximately $526,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Antero Midstream

In other news, insider Sheri Pearce sold 23,518 shares of the firm’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 transaction of $343,127.62. Following the transaction, the insider now directly owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by company insiders.

Antero Midstream Price Performance

AM stock traded up $0.09 during midday trading on Friday, reaching $15.52. 1,078,173 shares of the company’s stock traded hands, compared to its average volume of 2,648,894. The company has a 50-day simple moving average of $14.69 and a two-hundred day simple moving average of $14.51. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 19.29 and a beta of 2.34. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.50. Antero Midstream Co. has a 1-year low of $11.58 and a 1-year high of $15.87.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. The firm had revenue of $269.70 million during the quarter, compared to the consensus estimate of $274.66 million. During the same quarter in the prior year, the company earned $0.22 EPS. Antero Midstream’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Antero Midstream Co. will post 0.85 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.80%. Antero Midstream’s payout ratio is 112.50%.

Analysts Set New Price Targets

Several research firms recently commented on AM. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley upped their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream 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.