Blue Trust Inc. Buys 1,857 Shares of Antero Midstream Co. (NYSE:AM)

Blue Trust Inc. lifted its stake in Antero Midstream Co. (NYSE:AM) by 149.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,100 shares of the pipeline company’s stock after buying an additional 1,857 shares during the period. Blue Trust Inc.’s holdings in Antero Midstream were worth $46,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AM. Clearbridge Investments LLC raised its position in Antero Midstream by 1.2% in the first quarter. Clearbridge Investments LLC now owns 7,282,393 shares of the pipeline company’s stock worth $102,390,000 after purchasing an additional 84,000 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its position in Antero Midstream by 3.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock worth $82,228,000 after purchasing an additional 199,625 shares in the last quarter. Westwood Holdings Group Inc. raised its position in Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after purchasing an additional 184,911 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its position in Antero Midstream by 30.7% in the first quarter. Kayne Anderson Capital Advisors LP now owns 2,959,243 shares of the pipeline company’s stock worth $41,607,000 after purchasing an additional 694,243 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Antero Midstream by 18.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,932,935 shares of the pipeline company’s stock worth $41,237,000 after purchasing an additional 452,535 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Insider Activity

In other news, insider Sheri Pearce sold 23,518 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AM shares. Morgan Stanley increased 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. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Antero Midstream Stock Performance

NYSE AM opened at $14.38 on Friday. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 17.75 and a beta of 2.34. The company has a 50 day moving average of $14.96 and a 200-day moving average of $14.62. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.50. Antero Midstream Co. has a 1-year low of $11.58 and a 1-year high of $15.87.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, October 30th. The pipeline company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). Antero Midstream had a net margin of 36.16% and a return on equity of 18.88%. The company had revenue of $269.87 million for the quarter, compared to the consensus estimate of $269.88 million. On average, equities analysts forecast that Antero Midstream Co. will post 0.85 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $0.90 annualized dividend and a dividend yield of 6.26%. Antero Midstream’s dividend payout ratio (DPR) is currently 111.11%.

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.