Harvest Fund Management Co. Ltd Takes $104,000 Position in Antero Midstream Co. (NYSE:AM)

Harvest Fund Management Co. Ltd bought a new stake in Antero Midstream Co. (NYSE:AM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,304 shares of the pipeline company’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in shares of Antero Midstream by 0.4% in the third quarter. Invesco Ltd. now owns 33,534,655 shares of the pipeline company’s stock valued at $401,745,000 after purchasing an additional 135,163 shares during the period. RR Advisors LLC increased its stake in shares of Antero Midstream by 2.9% in the third quarter. RR Advisors LLC now owns 6,076,000 shares of the pipeline company’s stock worth $72,785,000 after acquiring an additional 169,000 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Antero Midstream by 9.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,503,015 shares of the pipeline company’s stock worth $41,966,000 after purchasing an additional 309,126 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its position in Antero Midstream by 2.1% during the third quarter. Kayne Anderson Capital Advisors LP now owns 2,265,000 shares of the pipeline company’s stock valued at $27,135,000 after purchasing an additional 46,600 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Antero Midstream by 2.0% in the third quarter. American Century Companies Inc. now owns 1,854,749 shares of the pipeline company’s stock valued at $22,220,000 after purchasing an additional 36,374 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AM shares. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Thursday. Tudor, Pickering, Holt & Co. lowered Antero Midstream from a “buy” rating to a “hold” rating and upped their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.70.

Antero Midstream Trading Up 1.5 %

Shares of AM stock opened at $14.23 on Friday. Antero Midstream Co. has a twelve month low of $9.69 and a twelve month high of $14.52. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 17.79 and a beta of 2.25. The company’s 50-day moving average price is $13.63 and its 200-day moving average price is $12.90. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.49.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. The business had revenue of $260.17 million during the quarter, compared to the consensus estimate of $261.04 million. During the same quarter last year, the firm earned $0.20 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that Antero Midstream Co. will post 0.96 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.32%. The ex-dividend date is Tuesday, April 23rd. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.

Insider Activity at Antero Midstream

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

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.