Isthmus Partners LLC Has $4.30 Million Stock Holdings in Antero Midstream Co. (NYSE:AM)

Isthmus Partners LLC decreased its holdings in shares of Antero Midstream Co. (NYSE:AM) by 7.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 413,443 shares of the pipeline company’s stock after selling 35,673 shares during the period. Isthmus Partners LLC’s holdings in Antero Midstream were worth $4,296,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Antero Midstream by 5.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 55,422 shares of the pipeline company’s stock valued at $576,000 after purchasing an additional 2,689 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Antero Midstream by 296.5% in the second quarter. BNP Paribas Arbitrage SA now owns 455,215 shares of the pipeline company’s stock valued at $4,730,000 after purchasing an additional 340,410 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Antero Midstream by 10.5% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,292,883 shares of the pipeline company’s stock valued at $23,823,000 after purchasing an additional 217,522 shares during the last quarter. Tortoise Index Solutions LLC raised its holdings in shares of Antero Midstream by 3.2% in the second quarter. Tortoise Index Solutions LLC now owns 578,944 shares of the pipeline company’s stock valued at $6,015,000 after purchasing an additional 17,701 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Antero Midstream by 71.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 504,264 shares of the pipeline company’s stock valued at $5,239,000 after purchasing an additional 209,831 shares during the last quarter. Hedge funds and other institutional investors own 51.30% of the company’s stock.

AM has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Antero Midstream from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Thursday, June 24th. Zacks Investment Research upgraded shares of Antero Midstream from a “sell” rating to a “hold” rating and set a $11.00 price objective for the company in a report on Friday, July 23rd. Jonestrading downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, June 8th. Finally, Tudor Pickering downgraded shares of Antero Midstream from a “hold” rating to a “sell” rating and set a $8.00 price objective for the company. in a report on Wednesday, May 26th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.58.

In related news, insider Brendan E. Krueger bought 4,000 shares of the stock in a transaction that occurred on Wednesday, August 25th. The shares were acquired at an average cost of $9.40 per share, with a total value of $37,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.29% of the stock is currently owned by company insiders.

NYSE:AM traded up $0.38 on Wednesday, reaching $10.49. 34,936 shares of the company’s stock were exchanged, compared to its average volume of 4,439,412. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 14.04 and a beta of 3.29. Antero Midstream Co. has a 52 week low of $5.09 and a 52 week high of $10.69. The stock has a fifty day simple moving average of $9.66 and a 200-day simple moving average of $9.52.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Tuesday, July 27th. The pipeline company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Antero Midstream had a net margin of 38.65% and a return on equity of 17.81%. The company had revenue of $232.79 million during the quarter, compared to analyst estimates of $216.81 million. As a group, sell-side analysts predict that Antero Midstream Co. will post 0.71 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 11th. Stockholders of record on Wednesday, July 28th were given a $0.225 dividend. The ex-dividend date was Tuesday, July 27th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.58%. Antero Midstream’s dividend payout ratio (DPR) is currently 100.00%.

Antero Midstream Profile

Antero Midstream Corp. owns, operates and develops midstream energy assets to service Antero Resources production and completion activity. It operates through the following segments: Gathering and Processing and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio.

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

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