Antero Midstream Corporation $AM Position Decreased by Federated Hermes Inc.

Federated Hermes Inc. lowered its holdings in Antero Midstream Corporation (NYSE:AM) by 20.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,273 shares of the pipeline company’s stock after selling 27,079 shares during the period. Federated Hermes Inc.’s holdings in Antero Midstream were worth $2,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AM. Truist Financial Corp increased its holdings in shares of Antero Midstream by 137.0% in the third quarter. Truist Financial Corp now owns 24,470 shares of the pipeline company’s stock valued at $476,000 after buying an additional 14,145 shares in the last quarter. Riverwater Partners LLC grew its holdings in shares of Antero Midstream by 4.1% in the 3rd quarter. Riverwater Partners LLC now owns 56,357 shares of the pipeline company’s stock worth $1,096,000 after acquiring an additional 2,202 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Antero Midstream by 5.2% during the third quarter. First Citizens Bank & Trust Co. now owns 78,467 shares of the pipeline company’s stock worth $1,525,000 after purchasing an additional 3,888 shares during the period. PFG Investments LLC purchased a new stake in shares of Antero Midstream during the third quarter valued at $285,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Antero Midstream by 95.7% during the third quarter. Parkside Financial Bank & Trust now owns 40,902 shares of the pipeline company’s stock valued at $795,000 after purchasing an additional 20,004 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AM shares. Wall Street Zen downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Morgan Stanley boosted their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. Zacks Research downgraded shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 23rd. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Antero Midstream in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.17.

Antero Midstream Stock Up 0.5%

AM opened at $18.74 on Thursday. The company has a market capitalization of $8.93 billion, a PE ratio of 19.12 and a beta of 0.81. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.26 and a quick ratio of 1.26. Antero Midstream Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $19.82. The business has a 50-day moving average of $18.06 and a 200-day moving average of $18.08.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 28th. Antero Midstream’s payout ratio is presently 91.84%.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total transaction of $87,950.00. Following the completion of the sale, the director owned 72,622 shares in the company, valued at approximately $1,277,420.98. This represents a 6.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by company insiders.

Antero Midstream Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.