Federated Hermes Inc. Sells 13,687 Shares of Antero Midstream Co. (NYSE:AM)

Federated Hermes Inc. lowered its stake in shares of Antero Midstream Co. (NYSE:AM) by 30.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 30,879 shares of the pipeline company’s stock after selling 13,687 shares during the period. Federated Hermes Inc.’s holdings in Antero Midstream were worth $466,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its position in shares of Antero Midstream by 15.9% during the third quarter. HighTower Advisors LLC now owns 50,102 shares of the pipeline company’s stock valued at $759,000 after purchasing an additional 6,885 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Antero Midstream by 0.8% in the 3rd quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock worth $1,256,000 after buying an additional 685 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Antero Midstream in the third quarter valued at approximately $256,000. Geode Capital Management LLC increased its position in shares of Antero Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock valued at $91,549,000 after acquiring an additional 251,987 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in Antero Midstream in the third quarter worth $680,000. 53.97% of the stock is owned by institutional investors.

Antero Midstream Trading Up 1.7 %

Shares of Antero Midstream stock opened at $17.15 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $8.21 billion, a P/E ratio of 20.67 and a beta of 1.99. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $18.49. The stock’s 50-day simple moving average is $16.89 and its 200 day simple moving average is $15.96.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. As a group, research analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.25%. Antero Midstream’s payout ratio is 108.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AM shares. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Wells Fargo & Company raised their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th.

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.