Natixis Advisors LLC Has $744,000 Stock Holdings in Antero Midstream Co. (NYSE:AM)

Natixis Advisors LLC boosted its stake in Antero Midstream Co. (NYSE:AM) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,447 shares of the pipeline company’s stock after buying an additional 2,215 shares during the quarter. Natixis Advisors LLC’s holdings in Antero Midstream were worth $744,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings 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 in the last quarter. MCF Advisors LLC bought a new position in shares of Antero Midstream in the first quarter valued at about $34,000. Pacifica Partners Inc. acquired a new position in Antero Midstream during the 1st quarter worth about $48,000. City State Bank acquired a new position in Antero Midstream during the 2nd quarter worth about $51,000. Finally, First Horizon Advisors Inc. grew its holdings in Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 688 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Stock Up 2.2 %

Antero Midstream stock opened at $14.60 on Friday. The company has a 50 day moving average of $14.47 and a 200-day moving average of $14.28. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.50. Antero Midstream Co. has a twelve month low of $11.50 and a twelve month high of $15.21. The stock has a market capitalization of $7.03 billion, a PE ratio of 18.25 and a beta of 2.34.

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

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $0.90 annualized dividend and a yield of 6.16%. Antero Midstream’s payout ratio is presently 112.50%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley boosted their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th. One research 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.88.

Insider Buying and Selling

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

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.