Transform Wealth LLC Cuts Stake in Antero Midstream Co. (NYSE:AM)

Transform Wealth LLC trimmed its position in shares of Antero Midstream Co. (NYSE:AM) by 81.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,097 shares of the pipeline company’s stock after selling 64,172 shares during the period. Transform Wealth LLC’s holdings in Antero Midstream were worth $272,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Antero Midstream in the 4th quarter valued at $62,578,000. SIR Capital Management L.P. purchased a new stake in Antero Midstream during the 4th quarter valued at approximately $35,058,000. Balyasny Asset Management L.P. lifted its position in Antero Midstream by 7,769.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company’s stock worth $15,513,000 after acquiring an additional 1,014,951 shares during the period. Northern Trust Corp grew its stake in shares of Antero Midstream by 22.5% in the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company’s stock valued at $61,950,000 after purchasing an additional 753,939 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Antero Midstream by 32.7% in the fourth quarter. Barclays PLC now owns 1,770,853 shares of the pipeline company’s stock valued at $26,722,000 after purchasing an additional 436,091 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Wells Fargo & Company lifted their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $17.00 price target (up from $16.00) on shares of Antero Midstream in a research note on Tuesday, June 3rd.

Antero Midstream Stock Up 0.0%

Antero Midstream stock opened at $18.14 on Thursday. The stock’s 50 day moving average price is $17.67 and its 200 day moving average price is $16.71. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $19.09. The company has a market cap of $8.69 billion, a PE ratio of 21.85 and a beta of 1.03. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business had revenue of $291.13 million for the quarter, compared to analysts’ expectations of $277.79 million. During the same period in the prior year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, sell-side analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.96%. Antero Midstream’s payout ratio is 103.45%.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the sale, the director now directly owns 73,645 shares in the company, valued at $1,390,417.60. The trade was a 6.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

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.