Antero Midstream Corporation $AM Stock Position Lowered by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. decreased its position in Antero Midstream Corporation (NYSE:AM) by 8.9% in the second quarter, HoldingsChannel reports. The firm owned 2,238,752 shares of the pipeline company’s stock after selling 217,483 shares during the period. Westwood Holdings Group Inc.’s holdings in Antero Midstream were worth $42,424,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its position in shares of Antero Midstream by 58.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company’s stock worth $51,000 after buying an additional 1,000 shares during the period. Brooklyn Investment Group lifted its stake in Antero Midstream by 41.2% in the 1st quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company’s stock worth $82,000 after acquiring an additional 1,328 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Antero Midstream during the 2nd quarter worth about $123,000. Bayforest Capital Ltd boosted its position in Antero Midstream by 277.3% during the 2nd quarter. Bayforest Capital Ltd now owns 6,542 shares of the pipeline company’s stock worth $124,000 after acquiring an additional 4,808 shares during the period. Finally, TD Waterhouse Canada Inc. grew its stake in Antero Midstream by 36.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,907 shares of the pipeline company’s stock valued at $126,000 after acquiring an additional 1,861 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AM has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. The Goldman Sachs Group upped their price objective on shares of Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a research note on Monday, August 18th. Morgan Stanley lifted their target price on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday, December 8th. Finally, Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Antero Midstream has a consensus rating of “Hold” and a consensus target price of $18.83.

Antero Midstream Price Performance

NYSE AM opened at $17.96 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $8.55 billion, a PE ratio of 18.33 and a beta of 0.82. Antero Midstream Corporation has a 12-month low of $14.22 and a 12-month high of $19.82. The company has a 50 day moving average price of $18.00 and a two-hundred day moving average price of $18.14.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. The company had revenue of $294.82 million for the quarter, compared to analyst estimates of $287.30 million. During the same quarter in the prior year, the business posted $0.21 EPS. Antero Midstream’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, equities analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.0%. The ex-dividend date was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio (DPR) is 91.84%.

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.