NBW Capital LLC Buys 11,315 Shares of Antero Midstream Co. (NYSE:AM)

NBW Capital LLC raised its stake in shares of Antero Midstream Co. (NYSE:AM) by 2.1% during the 1st quarter, Holdings Channel reports. The fund owned 539,409 shares of the pipeline company’s stock after purchasing an additional 11,315 shares during the period. Antero Midstream comprises approximately 1.6% of NBW Capital LLC’s holdings, making the stock its 23rd largest position. NBW Capital LLC’s holdings in Antero Midstream were worth $7,584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of AM. Lindbrook Capital LLC lifted its holdings in shares of Antero Midstream by 78.5% during the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 919 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Antero Midstream by 360.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 1,753 shares during the last quarter. MCF Advisors LLC purchased a new stake in shares of Antero Midstream during the 1st quarter valued at $34,000. Parkside Financial Bank & Trust lifted its holdings in shares of Antero Midstream by 175.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock valued at $38,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new stake in shares of Antero Midstream during the 1st quarter valued at $48,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

AM stock traded down $0.35 during midday trading on Friday, reaching $13.69. The stock had a trading volume of 4,148,569 shares, compared to its average volume of 2,834,408. The firm has a fifty day simple moving average of $14.59 and a two-hundred day simple moving average of $13.86. The stock has a market cap of $6.59 billion, a PE ratio of 17.11 and a beta of 2.38. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.25 and a current ratio of 0.89. Antero Midstream Co. has a 52-week low of $11.50 and a 52-week high of $15.21.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.04). The company had revenue of $269.70 million for the quarter, compared to analyst estimates of $274.66 million. Antero Midstream had a return on equity of 20.02% and a net margin of 36.19%. Antero Midstream’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. As a group, equities research analysts anticipate that Antero Midstream Co. will post 0.86 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.57%. The ex-dividend date is Wednesday, July 24th. Antero Midstream’s dividend payout ratio is currently 112.50%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Midstream presently has an average rating of “Moderate Buy” and a consensus price target of $13.17.

About Antero Midstream

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.