Antero Midstream Co. (NYSE:AM) Holdings Cut by Amalgamated Bank

Amalgamated Bank cut its stake in shares of Antero Midstream Co. (NYSE:AM) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,858 shares of the pipeline company’s stock after selling 16,603 shares during the quarter. Amalgamated Bank’s holdings in Antero Midstream were worth $3,049,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its stake in Antero Midstream by 360.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 1,753 shares during the period. MCF Advisors LLC bought a new position in Antero Midstream in the 1st quarter worth approximately $34,000. City State Bank bought a new stake in shares of Antero Midstream during the second quarter valued at about $51,000. Pacifica Partners Inc. acquired a new stake in Antero Midstream in the first quarter worth about $48,000. Finally, First Horizon Advisors Inc. grew its position in Antero Midstream by 24.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after buying an additional 688 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley upped their target price on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.88.

Insider Buying and Selling at Antero Midstream

In other news, insider Sheri Pearce sold 23,518 shares of Antero Midstream stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the transaction, the insider now directly owns 130,349 shares of the company’s stock, valued at $1,901,791.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Antero Midstream Stock Up 2.3 %

AM stock opened at $15.15 on Tuesday. The firm has a market cap of $7.29 billion, a PE ratio of 18.94 and a beta of 2.34. Antero Midstream Co. has a 12 month low of $11.50 and a 12 month high of $15.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $14.50 and a 200 day simple moving average of $14.36.

Antero Midstream (NYSE:AM) last announced 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). The company had revenue of $269.70 million for the quarter, compared to analyst estimates of $274.66 million. Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. Antero Midstream’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.22 EPS. Equities research analysts forecast that Antero Midstream Co. will post 0.85 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend was Wednesday, July 24th. Antero Midstream’s dividend payout ratio is presently 112.50%.

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.