Hennion & Walsh Asset Management Inc. Acquires 15,564 Shares of Antero Midstream Co. (NYSE:AM)

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Antero Midstream Co. (NYSE:AM) by 10.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 157,957 shares of the pipeline company’s stock after purchasing an additional 15,564 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Antero Midstream were worth $2,328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in Antero Midstream in the 4th quarter worth about $54,704,000. Westwood Holdings Group Inc. grew its position in Antero Midstream by 46.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock worth $44,632,000 after purchasing an additional 1,008,515 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its position in Antero Midstream by 30.7% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 2,959,243 shares of the pipeline company’s stock worth $41,607,000 after purchasing an additional 694,243 shares in the last quarter. BNP Paribas Financial Markets grew its position in Antero Midstream by 1,114.6% in the 4th quarter. BNP Paribas Financial Markets now owns 641,189 shares of the pipeline company’s stock worth $8,034,000 after purchasing an additional 588,397 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in Antero Midstream by 157.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 927,325 shares of the pipeline company’s stock worth $11,619,000 after purchasing an additional 566,604 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Antero Midstream has an average rating of “Hold” and an average target price of $13.17.

Antero Midstream Stock Performance

Shares of Antero Midstream stock traded up $0.20 on Monday, reaching $14.76. 1,256,394 shares of the company traded hands, compared to its average volume of 2,641,826. The firm has a market capitalization of $7.10 billion, a PE ratio of 18.51 and a beta of 2.38. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.89 and a quick ratio of 1.25. The company has a 50 day moving average of $14.50 and a 200 day moving average of $14.00. Antero Midstream Co. has a 52 week low of $11.50 and a 52 week high of $15.21.

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

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were issued a $0.225 dividend. The ex-dividend date was Wednesday, July 24th. This represents a $0.90 annualized dividend and a yield of 6.10%. Antero Midstream’s dividend payout ratio (DPR) is presently 112.50%.

Antero Midstream Company 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.