Abich Financial Wealth Management LLC Purchases 818 Shares of Antero Midstream Co. (NYSE:AM)

Abich Financial Wealth Management LLC grew its position in Antero Midstream Co. (NYSE:AM) by 21.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,545 shares of the pipeline company’s stock after purchasing an additional 818 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in Antero Midstream were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Illinois Municipal Retirement Fund bought a new stake in Antero Midstream during the first quarter valued at about $1,506,000. Clearbridge Investments LLC lifted its holdings 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 worth $102,390,000 after purchasing an additional 84,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Antero Midstream by 18.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,932,935 shares of the pipeline company’s stock worth $41,237,000 after purchasing an additional 452,535 shares during the period. Linden Thomas Advisory Services LLC purchased a new stake in Antero Midstream during the 2nd quarter valued at approximately $526,000. Finally, Cetera Advisors LLC lifted its holdings in shares of Antero Midstream by 608.8% in the first quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company’s stock worth $2,121,000 after buying an additional 129,561 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Stock Down 0.4 %

NYSE AM traded down $0.06 on Tuesday, reaching $14.82. 156,800 shares of the stock traded hands, compared to its average volume of 2,637,680. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 18.59 and a beta of 2.34. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.89 and a current ratio of 0.89. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $15.87. The company has a fifty day moving average price of $14.96 and a 200-day moving average price of $14.60.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, July 31st. The pipeline company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $274.66 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts forecast that Antero Midstream Co. will post 0.85 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 6.07%. Antero Midstream’s payout ratio is presently 112.50%.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the completion of the transaction, the insider now directly owns 130,349 shares of the company’s stock, valued at $1,901,791.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AM. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley lifted their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th.

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.