Transform Wealth LLC Has $1.12 Million Stock Position in Antero Midstream Co. (NYSE:AM)

Transform Wealth LLC reduced its stake in shares of Antero Midstream Co. (NYSE:AM) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,269 shares of the pipeline company’s stock after selling 11,554 shares during the quarter. Transform Wealth LLC’s holdings in Antero Midstream were worth $1,115,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Chickasaw Capital Management LLC grew its holdings in shares of Antero Midstream by 3.8% during the 1st quarter. Chickasaw Capital Management LLC now owns 2,219,519 shares of the pipeline company’s stock worth $31,206,000 after purchasing an additional 81,374 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Antero Midstream by 3.2% during the 4th quarter. Allianz Asset Management GmbH now owns 1,852,300 shares of the pipeline company’s stock worth $23,209,000 after buying an additional 57,000 shares during the last quarter. Semanteon Capital Management LP bought a new stake in shares of Antero Midstream during the 4th quarter worth $164,000. Charles Schwab Investment Management Inc. lifted its position in shares of Antero Midstream by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,602,607 shares of the pipeline company’s stock worth $45,141,000 after buying an additional 99,592 shares during the last quarter. Finally, New York Life Investment Management LLC bought a new stake in shares of Antero Midstream during the 4th quarter worth $445,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Trading Down 0.4 %

Antero Midstream stock traded down $0.05 during trading hours on Thursday, hitting $14.80. The stock had a trading volume of 1,915,818 shares, compared to its average volume of 2,606,570. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.48. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 18.49 and a beta of 2.31. Antero Midstream Co. has a one year low of $10.97 and a one year high of $15.10. The business’s 50 day simple moving average is $14.43 and its 200-day simple moving average is $13.46.

Antero Midstream (NYSE:AM) last posted its earnings results on Thursday, April 25th. The pipeline company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $279.05 million during the quarter, compared to the consensus estimate of $277.25 million. Antero Midstream had a net margin of 36.67% and a return on equity of 20.82%. Antero Midstream’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. On average, equities analysts predict that Antero Midstream Co. will post 0.87 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Wednesday, April 24th were given a $0.225 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 6.08%. Antero Midstream’s dividend payout ratio is presently 112.50%.

Analyst Upgrades and Downgrades

AM has been the subject of several recent analyst reports. Tudor, Pickering, Holt & Co. downgraded 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. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.70.

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.