Antero Midstream Co. (NYSE:AM) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in Antero Midstream Co. (NYSE:AM) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,150,643 shares of the pipeline company’s stock after selling 676,525 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Antero Midstream were worth $134,882,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its stake in Antero Midstream by 12.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,064 shares of the pipeline company’s stock valued at $189,000 after buying an additional 1,647 shares in the last quarter. Norges Bank purchased a new position in shares of Antero Midstream in the fourth quarter valued at approximately $54,704,000. Wells Fargo & Company MN lifted its position in shares of Antero Midstream by 4.7% in the fourth quarter. Wells Fargo & Company MN now owns 735,675 shares of the pipeline company’s stock valued at $9,218,000 after acquiring an additional 33,291 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Antero Midstream in the fourth quarter worth approximately $302,000. Finally, Franklin Resources Inc. increased its position in shares of Antero Midstream by 143.5% during the fourth quarter. Franklin Resources Inc. now owns 175,631 shares of the pipeline company’s stock worth $2,201,000 after purchasing an additional 103,516 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Stock Up 1.6 %

Shares of NYSE:AM opened at $14.81 on Friday. Antero Midstream Co. has a 52-week low of $11.50 and a 52-week high of $15.21. The stock has a market cap of $7.13 billion, a P/E ratio of 18.51 and a beta of 2.34. The business has a fifty day moving average of $14.48 and a two-hundred day moving average of $14.34. 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 (NYSE:AM) last announced 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 net margin of 36.19% and a return on equity of 19.40%. The firm had revenue of $269.70 million during the quarter, compared to analysts’ expectations of $274.66 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts expect that Antero Midstream Co. will post 0.85 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend was Wednesday, July 24th. Antero Midstream’s payout ratio is presently 112.50%.

Insider Activity

In other news, insider Sheri Pearce sold 23,518 shares of the stock in a transaction 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 in the company, valued at approximately $1,901,791.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley raised their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. One equities 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.88.

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.