State of Alaska Department of Revenue Grows Position in Antero Midstream Co. (NYSE:AM)

State of Alaska Department of Revenue increased its position in shares of Antero Midstream Co. (NYSE:AM) by 1.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 195,082 shares of the pipeline company’s stock after buying an additional 2,655 shares during the period. State of Alaska Department of Revenue’s holdings in Antero Midstream were worth $2,935,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AM. Allspring Global Investments Holdings LLC increased its stake in Antero Midstream by 360.0% in the first 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 during the last quarter. State of Michigan Retirement System increased its stake in Antero Midstream by 2.3% in the first quarter. State of Michigan Retirement System now owns 83,625 shares of the pipeline company’s stock valued at $1,176,000 after purchasing an additional 1,900 shares during the last quarter. Norden Group LLC purchased a new position in Antero Midstream in the first quarter valued at approximately $211,000. Retirement Systems of Alabama increased its stake in Antero Midstream by 0.3% in 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 during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Antero Midstream by 18.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,932,935 shares of the pipeline company’s stock valued at $41,237,000 after purchasing an additional 452,535 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream Price Performance

AM stock opened at $14.37 on Friday. The company has a market capitalization of $6.92 billion, a P/E ratio of 17.96 and a beta of 2.34. Antero Midstream Co. has a twelve month low of $11.58 and a twelve month high of $15.87. The business has a 50 day simple moving average of $14.98 and a 200-day simple moving average of $14.61. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.50.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, October 30th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.03). The firm had revenue of $269.87 million during the quarter, compared to analyst estimates of $269.88 million. Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. As a group, equities analysts anticipate that Antero Midstream Co. will post 0.85 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend is Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is presently 112.50%.

Insider Buying and Selling

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

Analyst Ratings Changes

AM has been the topic of several recent analyst reports. Morgan Stanley increased their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

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.