Fort Washington Investment Advisors Inc. OH Grows Position in Antero Midstream Co. (NYSE:AM)

Fort Washington Investment Advisors Inc. OH grew its position in shares of Antero Midstream Co. (NYSE:AM) by 112.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,000 shares of the pipeline company’s stock after purchasing an additional 58,732 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Antero Midstream were worth $1,636,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in Antero Midstream by 24.2% during the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 688 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Antero Midstream by 1.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock valued at $1,158,000 after acquiring an additional 798 shares during the period. Advisory Services Network LLC increased its holdings in Antero Midstream by 3.3% in the 4th quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company’s stock worth $339,000 after acquiring an additional 871 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in Antero Midstream by 3.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 27,708 shares of the pipeline company’s stock worth $347,000 after acquiring an additional 1,042 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in Antero Midstream by 0.3% during the first quarter. Retirement Systems of Alabama now owns 427,703 shares of the pipeline company’s stock valued at $6,014,000 after purchasing an additional 1,123 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AM has been the subject of a number of research reports. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley increased their target price on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Antero Midstream currently has an average rating of “Hold” and a consensus target price of $13.88.

Antero Midstream Price Performance

Shares of NYSE:AM traded up $0.13 during midday trading on Friday, hitting $14.87. The company’s stock had a trading volume of 2,660,045 shares, compared to its average volume of 2,630,929. The company has a market cap of $7.15 billion, a P/E ratio of 18.58 and a beta of 2.38. Antero Midstream Co. has a 12-month low of $11.50 and a 12-month high of $15.21. The business’s 50 day simple moving average is $14.53 and its 200 day simple moving average is $14.15. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.25 and a current ratio of 0.89.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The business had revenue of $269.70 million during the quarter, compared to analysts’ expectations of $274.66 million. Antero Midstream had a return on equity of 20.02% and a net margin of 36.19%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.22 earnings per share. On average, analysts forecast that Antero Midstream Co. will post 0.86 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.05%. The ex-dividend date was Wednesday, July 24th. Antero Midstream’s payout ratio is currently 112.50%.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 23,518 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total transaction of $343,127.62. Following the transaction, the insider now owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Antero Midstream Company 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.