Antero Midstream Corporation $AM Stock Holdings Cut by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. reduced its position in shares of Antero Midstream Corporation (NYSE:AM) by 33.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,000 shares of the pipeline company’s stock after selling 10,000 shares during the quarter. Anthracite Investment Company Inc.’s holdings in Antero Midstream were worth $379,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transce3nd LLC bought a new position in Antero Midstream during the 1st quarter valued at $29,000. Brooklyn Investment Group boosted its stake in shares of Antero Midstream by 41.2% during the 1st quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company’s stock worth $82,000 after acquiring an additional 1,328 shares in the last quarter. Bayforest Capital Ltd boosted its stake in shares of Antero Midstream by 277.3% during the 2nd quarter. Bayforest Capital Ltd now owns 6,542 shares of the pipeline company’s stock worth $124,000 after acquiring an additional 4,808 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Antero Midstream by 34.0% during the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company’s stock worth $154,000 after acquiring an additional 2,165 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Antero Midstream by 7.1% during the 1st quarter. CWM LLC now owns 9,472 shares of the pipeline company’s stock worth $170,000 after acquiring an additional 629 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total transaction of $685,604.05. Following the transaction, the insider directly owned 106,489 shares in the company, valued at $1,864,622.39. This trade represents a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by company insiders.

Antero Midstream Price Performance

AM opened at $17.83 on Friday. The stock has a fifty day moving average of $18.39 and a 200-day moving average of $18.06. The firm has a market capitalization of $8.53 billion, a P/E ratio of 18.77 and a beta of 0.85. Antero Midstream Corporation has a 12-month low of $14.22 and a 12-month high of $19.82. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.The company had revenue of $305.47 million during the quarter, compared to analyst estimates of $292.70 million. During the same quarter in the prior year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, October 22nd. Antero Midstream’s dividend payout ratio (DPR) is currently 94.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AM shares. Wall Street Zen raised Antero Midstream from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a “buy (a-)” rating on shares of Antero Midstream in a research note on Friday. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Morgan Stanley raised their price objective on Antero Midstream from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group raised their price objective on Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Antero Midstream has an average rating of “Hold” and a consensus price target of $18.50.

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.