Retirement Systems of Alabama Raises Stock Holdings in Antero Midstream Co. (NYSE:AM)

Retirement Systems of Alabama boosted its holdings in Antero Midstream Co. (NYSE:AM) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 426,580 shares of the pipeline company’s stock after buying an additional 1,340 shares during the quarter. Retirement Systems of Alabama owned 0.09% of Antero Midstream worth $5,345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC increased its position in shares of Antero Midstream by 78.5% during the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 919 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Antero Midstream by 175.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 1,930 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Antero Midstream in the 4th quarter worth approximately $51,000. Harvest Fund Management Co. Ltd purchased a new stake in Antero Midstream in the 4th quarter worth approximately $104,000. Finally, Bleakley Financial Group LLC purchased a new stake in Antero Midstream in the 4th quarter worth approximately $127,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 1.4 %

AM stock opened at $14.15 on Monday. Antero Midstream Co. has a 1-year low of $10.09 and a 1-year high of $14.52. 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 has a market capitalization of $6.81 billion, a price-to-earnings ratio of 17.69 and a beta of 2.26. The business has a 50 day simple moving average of $13.82 and a two-hundred day simple moving average of $12.99.

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

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.36%. Antero Midstream’s dividend payout ratio is currently 112.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AM shares. Tudor, Pickering, Holt & Co. lowered shares of Antero Midstream from a “buy” rating to a “hold” rating and increased their target price for the stock from $12.00 to $13.00 in a report on Tuesday, March 12th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.70.

Insider Activity

In other news, insider Sheri Pearce sold 16,394 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total transaction of $224,105.98. Following the completion of the transaction, the insider now directly owns 170,266 shares in the company, valued at approximately $2,327,536.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

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.