Antero Midstream Co. (NYSE:AM) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its stake in shares of Antero Midstream Co. (NYSE:AM) by 3.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,400 shares of the pipeline company’s stock after selling 3,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Antero Midstream were worth $1,406,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted 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 purchasing an additional 688 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of Antero Midstream by 4.7% in the 3rd quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock valued at $264,000 after buying an additional 759 shares during the period. CWM LLC raised its holdings in shares of Antero Midstream by 10.5% in the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock valued at $122,000 after buying an additional 768 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in shares of Antero Midstream by 1.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock valued at $1,158,000 after buying an additional 798 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in shares of Antero Midstream by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 427,703 shares of the pipeline company’s stock valued at $6,014,000 after buying an additional 1,123 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insiders Place Their Bets

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 transaction of $343,127.62. Following the completion of the transaction, the insider now directly 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 filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AM shares. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley upped their price target 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 Trading Up 0.1 %

NYSE:AM opened at $14.38 on Friday. The stock has a market cap of $6.92 billion, a P/E ratio of 17.75 and a beta of 2.34. 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 1 year low of $11.58 and a 1 year high of $15.87. The stock has a 50-day simple moving average of $14.96 and a 200-day simple moving average of $14.62.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, October 30th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). Antero Midstream had a net margin of 36.16% and a return on equity of 18.88%. The firm had revenue of $269.87 million during the quarter, compared to analyst estimates of $269.88 million. As a group, analysts anticipate that Antero Midstream Co. will post 0.85 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 6.26%. Antero Midstream’s payout ratio is 111.11%.

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.