Cwm LLC Purchases 768 Shares of Antero Midstream Co. (NYSE:AM)

Cwm LLC lifted its position in shares of Antero Midstream Co. (NYSE:AM) by 10.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,115 shares of the pipeline company’s stock after purchasing an additional 768 shares during the quarter. Cwm LLC’s holdings in Antero Midstream were worth $122,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Antero Midstream by 360.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 1,753 shares in the last quarter. MCF Advisors LLC acquired a new position in shares of Antero Midstream during the first quarter valued at about $34,000. City State Bank bought a new position in shares of Antero Midstream during the 2nd quarter worth about $51,000. First Horizon Advisors Inc. grew its stake in shares of 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 during the period. Finally, Abich Financial Wealth Management LLC bought a new stake in Antero Midstream in the 2nd quarter valued at about $55,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

AM stock opened at $15.01 on Friday. Antero Midstream Co. has a 52-week low of $11.58 and a 52-week high of $15.87. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50-day simple moving average of $14.96 and a two-hundred day simple moving average of $14.59. The company has a market capitalization of $7.22 billion, a P/E ratio of 18.76 and a beta of 2.34.

Antero Midstream (NYSE:AM) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $274.66 million. Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. Research analysts expect that Antero Midstream Co. will post 0.85 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date is Wednesday, October 23rd. Antero Midstream’s payout ratio is 112.50%.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total transaction of $343,127.62. Following the completion of the sale, the insider now owns 130,349 shares in the company, valued at approximately $1,901,791.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley increased their target price on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th.

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.