Cerity Partners LLC Buys New Shares in Antero Midstream Co. (NYSE:AM)

Cerity Partners LLC bought a new stake in shares of Antero Midstream Co. (NYSE:AM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,269 shares of the pipeline company’s stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bleakley Financial Group LLC acquired a new stake in Antero Midstream during the fourth quarter valued at approximately $127,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Antero Midstream by 11.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 11,191 shares of the pipeline company’s stock valued at $134,000 after acquiring an additional 1,151 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Antero Midstream during the third quarter valued at approximately $155,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Antero Midstream during the third quarter valued at approximately $161,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Antero Midstream by 32.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 13,469 shares of the pipeline company’s stock valued at $161,000 after acquiring an additional 3,317 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of the stock in a transaction 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 transaction, the insider now owns 170,266 shares in the company, valued at approximately $2,327,536.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AM. Tudor, Pickering, Holt & Co. lowered shares of Antero Midstream from a “buy” rating to a “hold” rating and boosted their price target for the company from $12.00 to $13.00 in a report on Tuesday, March 12th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Antero Midstream currently has a consensus rating of “Hold” and an average price target of $12.70.

Antero Midstream Stock Down 0.3 %

Antero Midstream stock opened at $14.19 on Friday. The firm has a market cap of $6.83 billion, a PE ratio of 17.74 and a beta of 2.25. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.95 and a current ratio of 1.25. The firm’s 50 day moving average price is $13.70 and its two-hundred day moving average price is $12.93. Antero Midstream Co. has a twelve month low of $9.69 and a twelve month high of $14.52.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $261.04 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. On average, research analysts predict that Antero Midstream Co. will post 0.96 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be paid a $0.225 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.34%. Antero Midstream’s dividend payout ratio is presently 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.