City State Bank Purchases New Shares in Antero Midstream Co. (NYSE:AM)

City State Bank purchased a new stake in shares of Antero Midstream Co. (NYSE:AM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,430 shares of the pipeline company’s stock, valued at approximately $51,000.

A number of other hedge funds also recently bought and sold shares of AM. Lindbrook Capital LLC increased its position in Antero Midstream by 78.5% during the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after acquiring an additional 919 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Antero Midstream by 360.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 1,753 shares during the last quarter. MCF Advisors LLC bought a new position in Antero Midstream during the first quarter valued at $34,000. Parkside Financial Bank & Trust increased its position in Antero Midstream by 175.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock valued at $38,000 after acquiring an additional 1,930 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new position in Antero Midstream during the first quarter valued at $48,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 4.9 %

Shares of NYSE AM traded up $0.66 during mid-day trading on Tuesday, reaching $14.05. The company had a trading volume of 3,429,177 shares, compared to its average volume of 2,639,736. The business’s 50-day moving average is $14.56 and its 200-day moving average is $13.89. The company has a current ratio of 0.89, a quick ratio of 1.25 and a debt-to-equity ratio of 1.50. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 17.56 and a beta of 2.38. Antero Midstream Co. has a 52 week low of $11.50 and a 52 week high of $15.21.

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

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.41%. The ex-dividend date is Wednesday, July 24th. Antero Midstream’s payout ratio is 112.50%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.