Atria Wealth Solutions Inc. Increases Position in Antero Midstream Co. (NYSE:AM)

Atria Wealth Solutions Inc. lifted its stake in Antero Midstream Co. (NYSE:AM) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,708 shares of the pipeline company’s stock after purchasing an additional 1,042 shares during the period. Atria Wealth Solutions Inc.’s holdings in Antero Midstream were worth $347,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Antero Midstream by 0.4% in the 3rd quarter. Invesco Ltd. now owns 33,534,655 shares of the pipeline company’s stock valued at $401,745,000 after acquiring an additional 135,163 shares during the last quarter. RR Advisors LLC grew its holdings in Antero Midstream by 2.9% in the third quarter. RR Advisors LLC now owns 6,076,000 shares of the pipeline company’s stock valued at $72,785,000 after purchasing an additional 169,000 shares during the period. Charles Schwab Investment Management Inc. increased its position in Antero Midstream by 9.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,503,015 shares of the pipeline company’s stock worth $41,966,000 after purchasing an additional 309,126 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its stake in Antero Midstream by 2.1% during the third quarter. Kayne Anderson Capital Advisors LP now owns 2,265,000 shares of the pipeline company’s stock worth $27,135,000 after purchasing an additional 46,600 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Antero Midstream by 2.0% during the 3rd quarter. American Century Companies Inc. now owns 1,854,749 shares of the pipeline company’s stock valued at $22,220,000 after buying an additional 36,374 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Antero Midstream Stock Up 0.5 %

Shares of Antero Midstream stock opened at $14.29 on Wednesday. Antero Midstream Co. has a twelve month low of $10.09 and a twelve month high of $14.52. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 17.86 and a beta of 2.26. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48. The company has a fifty day moving average price of $13.86 and a 200 day moving average price of $13.01.

Antero Midstream (NYSE:AM) last issued its earnings results on Thursday, April 25th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $279.05 million during the quarter, compared to analysts’ expectations of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. Antero Midstream’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Equities research analysts forecast that Antero Midstream Co. will post 0.89 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio (DPR) is 112.50%.

Insider Activity

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total value 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.52% 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.