Park Avenue Securities LLC Trims Stock Holdings in Antero Midstream Co. (NYSE:AM)

Park Avenue Securities LLC trimmed its holdings in Antero Midstream Co. (NYSE:AM) by 17.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,423 shares of the pipeline company’s stock after selling 2,266 shares during the quarter. Park Avenue Securities LLC’s holdings in Antero Midstream were worth $147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lindbrook Capital LLC increased its holdings in Antero Midstream by 78.5% during the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 919 shares during the period. Parkside Financial Bank & Trust increased its holdings in Antero Midstream by 175.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,930 shares during the period. GAMMA Investing LLC purchased a new position in Antero Midstream during the 4th quarter worth $51,000. Principal Securities Inc. purchased a new position in Antero Midstream during the 4th quarter worth $62,000. Finally, Security National Bank purchased a new position in Antero Midstream during the 4th quarter worth $96,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream Stock Up 0.8 %

Shares of NYSE AM opened at $14.77 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $7.11 billion, a PE ratio of 18.46 and a beta of 2.38. The stock’s fifty day simple moving average is $14.48 and its two-hundred day simple moving average is $13.52. Antero Midstream Co. has a 12-month low of $11.37 and a 12-month high of $15.10.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $279.05 million during the quarter, compared to analyst estimates of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. As a group, analysts expect that Antero Midstream Co. will post 0.87 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were given a $0.225 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.09%. Antero Midstream’s payout ratio is 112.50%.

Analysts Set New Price Targets

Several research analysts have commented on AM shares. Tudor, Pickering, Holt & Co. downgraded Antero Midstream from a “buy” rating to a “hold” rating and raised their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, March 12th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.70.

About Antero Midstream

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.