Isthmus Partners LLC Has $4.79 Million Stake in Antero Midstream Co. (NYSE:AM)

Isthmus Partners LLC increased its stake in shares of Antero Midstream Co. (NYSE:AM) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 382,225 shares of the pipeline company’s stock after acquiring an additional 12,275 shares during the period. Isthmus Partners LLC owned about 0.08% of Antero Midstream worth $4,789,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Invesco Ltd. increased its stake in Antero Midstream by 0.4% in the 3rd quarter. Invesco Ltd. now owns 33,534,655 shares of the pipeline company’s stock valued at $401,745,000 after buying an additional 135,163 shares during the last quarter. RR Advisors LLC increased its stake in Antero Midstream by 2.9% in the 3rd quarter. RR Advisors LLC now owns 6,076,000 shares of the pipeline company’s stock valued at $72,785,000 after buying an additional 169,000 shares during the last quarter. Norges Bank acquired a new position in shares of Antero Midstream during the 4th quarter worth about $54,704,000. Charles Schwab Investment Management Inc. increased its stake in shares of Antero Midstream by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,602,607 shares of the pipeline company’s stock worth $45,141,000 after purchasing an additional 99,592 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its stake in shares of Antero Midstream by 2.1% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 2,265,000 shares of the pipeline company’s stock worth $27,135,000 after purchasing an additional 46,600 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AM has been the topic of several recent analyst reports. Tudor, Pickering, Holt & Co. lowered shares of Antero Midstream from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.70.

Insider Buying and Selling at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total value of $224,105.98. Following the sale, the insider now directly owns 170,266 shares of the company’s stock, valued at approximately $2,327,536.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

Antero Midstream Price Performance

Shares of Antero Midstream stock traded down $0.04 on Wednesday, reaching $14.43. 1,935,704 shares of the stock were exchanged, compared to its average volume of 2,666,472. The firm’s 50 day moving average is $14.20 and its 200-day moving average is $13.24. Antero Midstream Co. has a one year low of $10.09 and a one year high of $15.10. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $6.94 billion, a PE ratio of 18.03 and a beta of 2.26.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $279.05 million for the quarter, compared to analyst estimates of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. Antero Midstream’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. As a group, analysts anticipate that Antero Midstream Co. will post 0.89 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.24%. The ex-dividend date was Tuesday, April 23rd. Antero Midstream’s dividend payout ratio (DPR) is currently 112.50%.

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.