Creative Planning Boosts Stock Position in Antero Midstream Co. (NYSE:AM)

Creative Planning lifted its position in shares of Antero Midstream Co. (NYSE:AM) by 43.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,118 shares of the pipeline company’s stock after buying an additional 33,054 shares during the period. Creative Planning’s holdings in Antero Midstream were worth $1,642,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Antero Midstream by 360.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after buying an additional 1,753 shares during the period. City State Bank bought a new position in Antero Midstream during the 2nd quarter worth approximately $51,000. First Horizon Advisors Inc. increased its stake 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 worth $52,000 after purchasing an additional 688 shares during the period. Abich Financial Wealth Management LLC bought a new stake in Antero Midstream in the second quarter valued at approximately $55,000. Finally, Covestor Ltd boosted its stake in shares of Antero Midstream by 433.9% during the first quarter. Covestor Ltd now owns 5,830 shares of the pipeline company’s stock valued at $82,000 after purchasing an additional 4,738 shares during the period. Institutional investors own 53.97% of the company’s stock.

Insider Activity at Antero Midstream

In other news, insider Sheri Pearce sold 23,518 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the transaction, the insider now owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Antero Midstream Price Performance

Shares of AM stock opened at $14.88 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.89 and a current ratio of 0.89. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $15.87. The firm has a market cap of $7.16 billion, a P/E ratio of 18.59 and a beta of 2.34. The business’s 50 day moving average price is $14.97 and its 200-day moving average price is $14.61.

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

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date is Wednesday, October 23rd. Antero Midstream’s payout ratio is 112.50%.

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.