WT Wealth Management Reduces Holdings in Antero Midstream Co. (NYSE:AM)

WT Wealth Management lessened its position in shares of Antero Midstream Co. (NYSE:AM) by 13.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,089 shares of the pipeline company’s stock after selling 2,049 shares during the quarter. WT Wealth Management’s holdings in Antero Midstream were worth $198,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AM. Vanguard Group Inc. lifted its holdings in Antero Midstream by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 35,545,837 shares of the pipeline company’s stock worth $445,389,000 after buying an additional 193,263 shares in the last quarter. Clearbridge Investments LLC boosted its position in Antero Midstream by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 7,282,393 shares of the pipeline company’s stock valued at $102,390,000 after buying an additional 84,000 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in Antero Midstream by 3.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock valued at $82,228,000 after buying an additional 199,625 shares during the period. Westwood Holdings Group Inc. boosted its position in Antero Midstream by 5.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock valued at $49,516,000 after buying an additional 184,911 shares during the period. Finally, Kayne Anderson Capital Advisors LP boosted its position in Antero Midstream by 30.7% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 2,959,243 shares of the pipeline company’s stock valued at $41,607,000 after buying an additional 694,243 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Sheri Pearce sold 23,518 shares of the 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 completion of the sale, the insider now owns 130,349 shares in the company, valued at approximately $1,901,791.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

Antero Midstream Stock Up 0.1 %

Shares of Antero Midstream stock traded up $0.02 during trading on Tuesday, hitting $15.11. 1,018,486 shares of the stock were exchanged, compared to its average volume of 2,644,261. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 18.94 and a beta of 2.34. The firm’s 50-day moving average price is $14.90 and its 200 day moving average price is $14.57. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $15.87. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.89 and a quick ratio of 0.89.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). Antero Midstream had a return on equity of 19.40% and a net margin of 36.19%. The firm had revenue of $269.70 million for the quarter, compared to analysts’ expectations of $274.66 million. During the same period last year, the firm posted $0.22 earnings per share. Antero Midstream’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts forecast that Antero Midstream Co. will post 0.85 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.96%. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.

Wall Street Analyst Weigh In

Several equities analysts have commented on AM shares. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley raised their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, August 27th.

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.