Mutual of America Capital Management LLC Sells 10,917 Shares of Antero Midstream Co. (NYSE:AM)

Mutual of America Capital Management LLC cut its stake in shares of Antero Midstream Co. (NYSE:AM) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 210,330 shares of the pipeline company’s stock after selling 10,917 shares during the period. Mutual of America Capital Management LLC’s holdings in Antero Midstream were worth $2,635,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AM. Covestor Ltd increased its holdings in Antero Midstream by 2,155.9% in the 1st quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 2,199 shares in the last quarter. Belpointe Asset Management LLC increased its stake in shares of Antero Midstream by 248.2% in the first quarter. Belpointe Asset Management LLC now owns 2,646 shares of the pipeline company’s stock valued at $28,000 after buying an additional 1,886 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Antero Midstream by 1,731.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 6,354 shares of the pipeline company’s stock valued at $67,000 after buying an additional 6,007 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Antero Midstream during the 2nd quarter worth approximately $82,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Antero Midstream during the 3rd quarter worth approximately $84,000. 53.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the completion of the sale, the insider now owns 170,266 shares of the company’s stock, valued at approximately $2,327,536.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

AM has been the subject of several analyst reports. Tudor, Pickering, Holt & Co. downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating and raised their price target for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.70.

Antero Midstream Trading Up 1.2 %

NYSE:AM opened at $13.82 on Friday. Antero Midstream Co. has a 52 week low of $9.69 and a 52 week high of $14.52. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s fifty day moving average is $13.45 and its 200-day moving average is $12.83. The firm has a market cap of $6.63 billion, a P/E ratio of 17.94 and a beta of 2.25.

Antero Midstream (NYSE:AM) last released its earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. Antero Midstream had a net margin of 35.69% and a return on equity of 19.96%. The business had revenue of $260.17 million for the quarter, compared to analyst estimates of $261.04 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. Antero Midstream’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts expect that Antero Midstream Co. will post 0.96 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be issued a $0.225 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 6.51%. Antero Midstream’s payout ratio is currently 116.88%.

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.