Hancock Whitney Corp Sells 4,970 Shares of Antero Midstream Co. (NYSE:AM)

Hancock Whitney Corp cut its holdings in shares of Antero Midstream Co. (NYSE:AM) by 10.3% during the first quarter, Holdings Channel.com reports. The firm owned 43,459 shares of the pipeline company’s stock after selling 4,970 shares during the period. Hancock Whitney Corp’s holdings in Antero Midstream were worth $611,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AM. Norges Bank bought a new position in shares of Antero Midstream during the fourth quarter valued at approximately $54,704,000. Westwood Holdings Group Inc. lifted its position in Antero Midstream by 46.6% during the first quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock valued at $44,632,000 after acquiring an additional 1,008,515 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its position in Antero Midstream by 30.7% during the first quarter. Kayne Anderson Capital Advisors LP now owns 2,959,243 shares of the pipeline company’s stock valued at $41,607,000 after acquiring an additional 694,243 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Antero Midstream by 1,114.6% during the fourth quarter. BNP Paribas Financial Markets now owns 641,189 shares of the pipeline company’s stock valued at $8,034,000 after acquiring an additional 588,397 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Antero Midstream by 157.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 927,325 shares of the pipeline company’s stock valued at $11,619,000 after acquiring an additional 566,604 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Price Performance

Shares of NYSE:AM traded down $0.50 during midday trading on Thursday, hitting $13.86. The company’s stock had a trading volume of 3,075,394 shares, compared to its average volume of 2,603,775. The business’s 50 day simple moving average is $14.62 and its 200 day simple moving average is $13.83. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $6.67 billion, a P/E ratio of 17.93 and a beta of 2.38. Antero Midstream Co. has a 12-month low of $11.50 and a 12-month high of $15.21.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date of this dividend is Wednesday, July 24th. Antero Midstream’s dividend payout ratio (DPR) is currently 112.50%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.17.

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.