Antero Midstream Co. (NYSE:AM) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP cut its position in Antero Midstream Co. (NYSE:AM) by 3.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 77,864 shares of the pipeline company’s stock after selling 2,661 shares during the quarter. Aigen Investment Management LP’s holdings in Antero Midstream were worth $976,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in Antero Midstream by 3.8% during the 3rd quarter. Raymond James & Associates now owns 50,961 shares of the pipeline company’s stock valued at $611,000 after acquiring an additional 1,849 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Antero Midstream by 3.7% in the third quarter. Teacher Retirement System of Texas now owns 125,642 shares of the pipeline company’s stock valued at $1,505,000 after buying an additional 4,495 shares during the last quarter. California Public Employees Retirement System acquired a new stake in Antero Midstream during the third quarter valued at approximately $2,183,000. Private Advisor Group LLC grew its position in shares of Antero Midstream by 15.5% in the 3rd quarter. Private Advisor Group LLC now owns 64,140 shares of the pipeline company’s stock worth $768,000 after acquiring an additional 8,584 shares in the last quarter. Finally, MGO One Seven LLC bought a new stake in shares of Antero Midstream in the 3rd quarter valued at approximately $346,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Performance

NYSE AM traded down $0.16 on Wednesday, hitting $14.69. The stock had a trading volume of 373,616 shares, compared to its average volume of 2,636,533. The company’s 50-day moving average is $14.09 and its two-hundred day moving average is $13.17. Antero Midstream Co. has a one year low of $10.09 and a one year high of $15.10. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 18.55 and a beta of 2.26. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.48.

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

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.13%. The ex-dividend date of this dividend was Tuesday, April 23rd. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.

Wall Street Analyst Weigh In

AM has been the topic of several research analyst reports. Tudor, Pickering, Holt & Co. cut Antero Midstream from a “buy” rating to a “hold” rating and raised their price objective for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.70.

Insider Activity at Antero Midstream

In related news, insider Sheri Pearce sold 16,394 shares of the firm’s 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 transaction, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.52% of the company’s stock.

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.