Westwood Holdings Group Inc. Purchases 184,911 Shares of Antero Midstream Co. (NYSE:AM)

Westwood Holdings Group Inc. increased its position in Antero Midstream Co. (NYSE:AM) by 5.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,359,310 shares of the pipeline company’s stock after acquiring an additional 184,911 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Antero Midstream were worth $49,516,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AM. 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. Nations Financial Group Inc. IA ADV increased its holdings in Antero Midstream by 1.0% in the second quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock valued at $1,158,000 after purchasing an additional 798 shares during the period. Advisory Services Network LLC raised its position in Antero Midstream by 3.3% during the 4th quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company’s stock worth $339,000 after purchasing an additional 871 shares during the last quarter. Retirement Systems of Alabama raised its position in Antero Midstream by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 427,703 shares of the pipeline company’s stock worth $6,014,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Pitcairn Co. lifted its holdings in Antero Midstream by 7.2% during the 1st quarter. Pitcairn Co. now owns 18,784 shares of the pipeline company’s stock worth $264,000 after buying an additional 1,259 shares during the period. Institutional investors own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

AM has been the topic of a number of recent analyst reports. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research note 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 report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.88.

Antero Midstream Price Performance

Antero Midstream stock opened at $14.81 on Friday. The stock’s 50 day moving average price is $14.48 and its two-hundred day moving average price is $14.34. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 18.51 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 52-week low of $11.50 and a 52-week high of $15.21.

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

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date was Wednesday, July 24th. Antero Midstream’s dividend payout ratio (DPR) is 112.50%.

Insider Buying and Selling 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 sale, the insider now directly owns 130,349 shares of the company’s stock, valued at $1,901,791.91. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.

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.