QRG Capital Management Inc. Has $4.64 Million Holdings in Antero Midstream Co. (NYSE:AM)

QRG Capital Management Inc. decreased its stake in Antero Midstream Co. (NYSE:AM) by 2.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,842 shares of the pipeline company’s stock after selling 8,245 shares during the quarter. QRG Capital Management Inc. owned approximately 0.07% of Antero Midstream worth $4,638,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AM. Lindbrook Capital LLC raised its stake in shares of Antero Midstream by 78.5% in the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 919 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Antero Midstream by 360.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 1,753 shares in the last quarter. MCF Advisors LLC bought a new position in Antero Midstream in the 1st quarter valued at $34,000. Parkside Financial Bank & Trust boosted its stake in Antero Midstream by 175.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,930 shares in the last quarter. Finally, Pacifica Partners Inc. bought a new stake in shares of Antero Midstream during the first quarter worth $48,000. 53.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.70.

Antero Midstream Trading Up 0.4 %

Shares of NYSE AM traded up $0.06 during midday trading on Wednesday, hitting $14.76. The stock had a trading volume of 470,655 shares, compared to its average volume of 2,572,618. The firm has a market cap of $7.10 billion, a P/E ratio of 18.38 and a beta of 2.38. Antero Midstream Co. has a fifty-two week low of $11.50 and a fifty-two week high of $15.10. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. The company’s 50-day simple moving average is $14.61 and its 200 day simple moving average is $13.67.

Antero Midstream (NYSE:AM) last announced 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 business had revenue of $279.05 million during the quarter, compared to the consensus estimate of $277.25 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. Antero Midstream’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 earnings per share. Research analysts anticipate that Antero Midstream Co. will post 0.87 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Wednesday, July 24th. Antero Midstream’s payout ratio is 112.50%.

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.