Antero Midstream Co. (NYSE:AM) Shares Sold by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT decreased its holdings in Antero Midstream Co. (NYSE:AM) by 6.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,026,000 shares of the pipeline company’s stock after selling 71,000 shares during the quarter. Antero Midstream comprises about 1.1% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s portfolio, making the stock its 20th biggest position. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.21% of Antero Midstream worth $15,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in shares of Antero Midstream by 24.2% during the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 688 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Antero Midstream by 4.7% in the 3rd quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock valued at $264,000 after buying an additional 759 shares during the period. CWM LLC boosted its stake in shares of Antero Midstream by 10.5% in the third quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after buying an additional 768 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in Antero Midstream by 1.0% during the second quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock valued at $1,158,000 after purchasing an additional 798 shares in the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of Antero Midstream by 0.3% in the first quarter. Retirement Systems of Alabama now owns 427,703 shares of the pipeline company’s stock valued at $6,014,000 after purchasing an additional 1,123 shares during the period. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AM. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley raised their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th.

Insider Buying and Selling at Antero Midstream

In related 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 transaction, the insider now directly owns 130,349 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

Antero Midstream Stock Up 0.2 %

AM stock traded up $0.03 during midday trading on Tuesday, hitting $15.12. The company’s stock had a trading volume of 939,875 shares, compared to its average volume of 2,643,476. The firm has a market capitalization of $7.28 billion, a P/E ratio of 18.94 and a beta of 2.34. 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 Co. has a 52-week low of $11.58 and a 52-week high of $15.87. The firm has a 50-day simple moving average of $14.90 and a 200-day simple moving average of $14.57.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share 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 company had revenue of $269.70 million for the quarter, compared to analyst estimates of $274.66 million. During the same period in the previous year, the business posted $0.22 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast that Antero Midstream Co. will post 0.85 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently announced 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend is Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is 112.50%.

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.