Antero Midstream Co. (NYSE:AM) Shares Bought by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC grew its position in Antero Midstream Co. (NYSE:AM) by 28.8% during the 2nd quarter, Holdings Channel reports. The fund owned 29,412 shares of the pipeline company’s stock after buying an additional 6,572 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Antero Midstream were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in 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 purchasing an additional 1,753 shares in the last quarter. MCF Advisors LLC acquired a new position in Antero Midstream during the first quarter worth about $34,000. City State Bank purchased a new stake in shares of Antero Midstream in the second quarter valued at about $51,000. Pacifica Partners Inc. acquired a new stake in shares of Antero Midstream in the first quarter valued at approximately $48,000. Finally, First Horizon Advisors Inc. increased its stake in shares of 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 purchasing an additional 688 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Stock Performance

Shares of AM opened at $14.81 on Friday. The company 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 1 year low of $11.50 and a 1 year high of $15.21. The company’s 50 day simple moving average is $14.48 and its 200 day simple moving average is $14.34.

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

Antero Midstream Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Morgan Stanley upped their target price on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.88.

Insider Activity

In related news, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the sale, the insider now directly owns 130,349 shares of the company’s stock, valued at $1,901,791.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

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.