Antero Midstream Co. (NYSE:AM) Stake Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in Antero Midstream Co. (NYSE:AM) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195,629 shares of the pipeline company’s stock after selling 7,306 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Antero Midstream were worth $2,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its position in Antero Midstream by 4.9% in the second quarter. Envestnet Asset Management Inc. now owns 462,726 shares of the pipeline company’s stock worth $6,821,000 after acquiring an additional 21,552 shares in the last quarter. Federated Hermes Inc. lifted its stake in Antero Midstream by 28.5% during the second quarter. Federated Hermes Inc. now owns 45,569 shares of the pipeline company’s stock valued at $672,000 after buying an additional 10,101 shares in the last quarter. Meeder Advisory Services Inc. lifted its stake in Antero Midstream by 37.2% during the second quarter. Meeder Advisory Services Inc. now owns 14,514 shares of the pipeline company’s stock valued at $214,000 after buying an additional 3,937 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in Antero Midstream during the second quarter valued at about $615,000. Finally, SIR Capital Management L.P. purchased a new stake in Antero Midstream during the second quarter valued at about $8,251,000. 53.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AM. Morgan Stanley upped their price objective on shares of 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 lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. One investment 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’s stock. According to MarketBeat, Antero Midstream presently has a consensus rating of “Hold” and an average target price of $13.88.

Antero Midstream Price Performance

Shares of AM opened at $15.10 on Wednesday. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 18.87 and a beta of 2.34. Antero Midstream Co. has a fifty-two week low of $11.50 and a fifty-two week high of $15.30. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.89 and a quick ratio of 0.89. The business’s 50-day moving average is $14.50 and its 200-day moving average is $14.37.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.18 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 firm had revenue of $269.70 million during the quarter, compared to analyst estimates of $274.66 million. During the same quarter in the prior year, the company posted $0.22 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Antero Midstream Co. will post 0.85 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th were issued a $0.225 dividend. The ex-dividend date was Wednesday, July 24th. This represents a $0.90 dividend on an annualized basis and a yield of 5.96%. Antero Midstream’s dividend payout ratio is currently 112.50%.

Insider Buying and Selling

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the company’s 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 sale, the insider now 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 Securities & Exchange Commission, which can be accessed through the SEC website. 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.