Bank of Montreal Can Boosts Position in Antero Midstream Co. (NYSE:AM)

Bank of Montreal Can grew its holdings in Antero Midstream Co. (NYSE:AM) by 34.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 296,130 shares of the pipeline company’s stock after acquiring an additional 76,562 shares during the period. Bank of Montreal Can owned about 0.06% of Antero Midstream worth $4,423,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in Antero Midstream by 360.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 1,753 shares in the last quarter. MCF Advisors LLC purchased a new position in shares of Antero Midstream during the 1st quarter valued at approximately $34,000. City State Bank acquired a new position in shares of Antero Midstream in the 2nd quarter valued at $51,000. Pacifica Partners Inc. purchased a new stake in Antero Midstream during the first quarter worth $48,000. Finally, First Horizon Advisors Inc. grew its position in Antero Midstream by 24.2% during the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after buying an additional 688 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Transactions at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction 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 in the company, valued at approximately $1,901,791.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Antero Midstream Stock Up 1.1 %

AM opened at $15.21 on Wednesday. The company has a market cap of $7.32 billion, a PE ratio of 19.01 and a beta of 2.34. Antero Midstream Co. has a twelve month low of $11.50 and a twelve month high of $15.30. The company has a 50-day moving average price of $14.52 and a 200 day moving average price of $14.43. 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 earnings results on Wednesday, July 31st. The pipeline company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 36.19% and a return on equity of 19.40%. Antero Midstream’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS. Sell-side analysts expect that Antero Midstream Co. will post 0.85 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, July 24th. This represents a $0.90 dividend on an annualized basis and a yield of 5.92%. Antero Midstream’s payout ratio is presently 112.50%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley increased their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.88.

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.