Tortoise Capital Advisors L.L.C. Raises Stock Holdings in Antero Midstream Co. (NYSE:AM)

Tortoise Capital Advisors L.L.C. raised its stake in Antero Midstream Co. (NYSE:AM) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,578,584 shares of the pipeline company’s stock after purchasing an additional 199,625 shares during the period. Antero Midstream accounts for approximately 1.1% of Tortoise Capital Advisors L.L.C.’s investment portfolio, making the stock its 19th largest holding. Tortoise Capital Advisors L.L.C. owned about 1.16% of Antero Midstream worth $82,228,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AM. Vanguard Group Inc. grew its position in shares of Antero Midstream by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 35,545,837 shares of the pipeline company’s stock worth $445,389,000 after buying an additional 193,263 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Antero Midstream by 1.2% during 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. Norges Bank purchased a new stake in shares of Antero Midstream during the 4th quarter valued at $54,704,000. Charles Schwab Investment Management Inc. boosted its position in shares of Antero Midstream by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,602,607 shares of the pipeline company’s stock worth $45,141,000 after purchasing an additional 99,592 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in Antero Midstream by 46.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock worth $44,632,000 after buying an additional 1,008,515 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Stock Down 2.1 %

Antero Midstream stock opened at $14.29 on Friday. The business’s 50-day simple moving average is $14.51 and its two-hundred day simple moving average is $14.24. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $6.88 billion, a PE ratio of 17.86 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 $15.21.

Antero Midstream (NYSE:AM) last issued 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). 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 quarter in the prior year, the company earned $0.22 EPS. Antero Midstream’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts anticipate that Antero Midstream Co. will post 0.85 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were paid a $0.225 dividend. The ex-dividend date was Wednesday, July 24th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.30%. Antero Midstream’s payout ratio is currently 112.50%.

Analyst Ratings Changes

Several brokerages have weighed in on AM. Morgan Stanley raised their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th. StockNews.com cut 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 assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Antero Midstream currently has a consensus rating of “Hold” and a consensus target price of $13.88.

Insider Buying and Selling

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of Antero Midstream stock in a transaction dated 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 owns 130,349 shares in the company, valued at approximately $1,901,791.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

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.