Dimensional Fund Advisors LP Sells 265,094 Shares of Antero Midstream Co. (NYSE:AM)

Dimensional Fund Advisors LP reduced its holdings in shares of Antero Midstream Co. (NYSE:AMFree Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,402,074 shares of the pipeline company’s stock after selling 265,094 shares during the quarter. Dimensional Fund Advisors LP owned 2.17% of Antero Midstream worth $130,340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC boosted its stake in 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 boosted its position in shares of Antero Midstream by 175.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock valued at $38,000 after buying an additional 1,930 shares during the last quarter. GAMMA Investing LLC bought a new stake in Antero Midstream during the fourth quarter worth $51,000. Principal Securities Inc. purchased a new stake in Antero Midstream in the 4th quarter valued at $62,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Antero Midstream during the 4th quarter valued at $104,000. 53.97% of the stock is owned by institutional investors.

Antero Midstream Trading Up 1.2 %

Shares of Antero Midstream stock opened at $14.92 on Friday. The stock has a fifty day moving average price of $14.03 and a 200-day moving average price of $13.13. 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 firm has a market cap of $7.18 billion, a PE ratio of 18.65 and a beta of 2.26. Antero Midstream Co. has a 1 year low of $10.09 and a 1 year high of $14.93.

Antero Midstream (NYSE:AMGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 EPS 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 company had revenue of $279.05 million during the quarter, compared to the consensus estimate of $277.25 million. During the same period in the prior year, the firm posted $0.21 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Antero Midstream Co. will post 0.89 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date was Tuesday, April 23rd. Antero Midstream’s dividend payout ratio is currently 112.50%.

Insider Buying and Selling at Antero Midstream

In other news, insider Sheri Pearce sold 16,394 shares of Antero Midstream stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total value of $224,105.98. Following the completion of the transaction, the insider now owns 170,266 shares in the company, valued at $2,327,536.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th. Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a “buy” rating to a “hold” rating and boosted their price target for the stock from $12.00 to $13.00 in a report on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.70.

View Our Latest Analysis on AM

Antero Midstream Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Antero Midstream (NYSE:AM)

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