February 6, 2023

Great West Life Assurance Co. Can acquired a new stake in Antero Midstream Co. (NYSE:AM – Get Rating) in the third quarter, the company said in its most recent Form 13F filing with the SEC. The institutional investor purchased 396,385 shares of the pipeline company’s shares for approximately $3,628,000. Great West Life Assurance Co. Can owned approximately 0.08% of Antero Midstream at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their holdings in AM. The Alaska Department of Treasury increased its stake in Antero Midstream by 3.7% in the second quarter. The Alaska Department of Treasury now owns 89,208 shares of the pipeline company, valued at $807,000, after acquiring an additional 3,201 shares last quarter. Capital Advisors Inc. OK bought a new position in Antero Midstream stock valued at $156,000 during the third quarter. The North Carolina State Treasurer increased its stake in Antero Midstream stock by 15.5% during the second quarter. The North Carolina State Treasurer now owns 142,223 shares of the pipeline company, valued at $1,287,000, after purchasing an additional 19,074 shares last quarter. Strs Ohio increased its stake in Antero Midstream by 20.6% in the second quarter. Strs Ohio now owns 141,288 shares of the pipeline company, valued at $1,278,000, after purchasing an additional 24,132 shares last quarter. Finally, Retirement Systems of Alabama increased its stake in Antero Midstream by 0.6% during the second quarter. Retirement Systems of Alabama now owns 428,577 shares of the pipeline company, valued at $3,879,000, after purchasing an additional 2,533 shares last quarter. Institutional investors own 52.21% of the company’s shares.

Antero midstream price history

NYSE AM shares opened at $11.29 on Tuesday. Antero Midstream Co. has a 12-month low of $8.56 and a 12-month high of $11.61. The company has a 50-day simple moving average of $10.94 and a 200-day simple moving average of $10.37. The company has a market cap of $5.40 billion, a P/E of 16.85 and a beta of 2.42. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt to equity ratio of 1.42.

Antero Midstream (NYSE:AM – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The pipeline company reported earnings per share of $0.19 for the quarter, matching analysts’ consensus estimate of $0.19. The company had revenue of $231.03 million for the quarter, compared to analysts’ expectations of $241.91 million. Antero Midstream had a net margin of 35.99% and a return on equity of 16.88%. The company’s quarterly revenue rose 2.8% year over year. For the same period last year, the company posted earnings per share of $0.22. On average, sell-side analysts are forecasting that Antero Midstream Co. will post 0.7 EPS for the year to date.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Wednesday, January 25 will receive a dividend of $0.225. That equates to an annual dividend of $0.90 and a yield of 7.97%. The ex-dividend date is Tuesday January 24th. Antero Midstream’s payout ratio is 134.33%.

Changes in analyst ratings

Several research companies have recently published reports on AM. StockNews.com began coverage of shares of Antero Midstream in a research note on Wednesday, October 12th. They give the company a “hold” rating. Morgan Stanley raised its price target on shares of Antero Midstream to $12.00 from $11.00 and gave the stock an “underweight” rating in a research note on Monday, January 9th. TheStreet upgraded shares of Antero Midstream from a “c” rating to a “b-” rating in a research note on Monday, November 28th. Finally, Barclays raised its price target on shares of Antero Midstream from $10.00 to $11.00 and rated the stock as “underweight” in a research note on Wednesday, January 18. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $11.75.

About Antero Midstream

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

Selected items

Want to see what other hedge funds are holding AM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Antero Midstream Co. (NYSE:AM – Get Rating).

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

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