NBW Capital LLC Sells 9,429 Shares of Antero Midstream Co. (NYSE:AM)

NBW Capital LLC cut its position in Antero Midstream Co. (NYSE:AM) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 528,094 shares of the pipeline company’s stock after selling 9,429 shares during the quarter. Antero Midstream accounts for about 1.4% of NBW Capital LLC’s portfolio, making the stock its 25th largest holding. NBW Capital LLC’s holdings in Antero Midstream were worth $6,617,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. boosted its stake in Antero Midstream by 22.3% in the fourth quarter. Federated Hermes Inc. now owns 51,532 shares of the pipeline company’s stock valued at $646,000 after buying an additional 9,397 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Antero Midstream by 19.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,671 shares of the pipeline company’s stock valued at $1,261,000 after purchasing an additional 16,479 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Antero Midstream by 146.9% during the 4th quarter. Mackenzie Financial Corp now owns 144,627 shares of the pipeline company’s stock valued at $1,812,000 after purchasing an additional 86,048 shares during the last quarter. Phocas Financial Corp. increased its position in Antero Midstream by 2.4% during the 4th quarter. Phocas Financial Corp. now owns 309,799 shares of the pipeline company’s stock worth $3,882,000 after purchasing an additional 7,292 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Antero Midstream in the 4th quarter valued at approximately $1,199,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.6 %

Shares of Antero Midstream stock traded up $0.08 during trading on Thursday, hitting $13.73. The company’s stock had a trading volume of 1,121,291 shares, compared to its average volume of 2,683,062. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 17.73 and a beta of 2.25. Antero Midstream Co. has a 52 week low of $9.69 and a 52 week high of $14.52. The stock has a 50-day moving average price of $13.42 and a two-hundred day moving average price of $12.83. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.95 and a quick ratio of 0.95.

Antero Midstream (NYSE:AM) last announced its earnings results on Thursday, February 15th. The pipeline company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $260.17 million for the quarter, compared to the consensus estimate of $261.04 million. Antero Midstream had a return on equity of 19.96% and a net margin of 35.69%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. Equities research analysts anticipate that Antero Midstream Co. will post 0.96 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio is currently 116.88%.

Insider Buying and Selling

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of the stock in a transaction dated Wednesday, March 13th. The stock was 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 directly 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 this hyperlink. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.