Anthracite Investment Company Inc. Sells 10,000 Shares of Antero Midstream Corporation $AM

Anthracite Investment Company Inc. reduced its stake in shares of Antero Midstream Corporation (NYSE:AM) by 33.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the pipeline company’s stock after selling 10,000 shares during the period. Anthracite Investment Company Inc.’s holdings in Antero Midstream were worth $379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Invesco Ltd. increased its stake in shares of Antero Midstream by 2.0% in the first quarter. Invesco Ltd. now owns 30,631,765 shares of the pipeline company’s stock worth $551,372,000 after purchasing an additional 586,966 shares during the period. Tortoise Capital Advisors L.L.C. increased its stake in shares of Antero Midstream by 31.7% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company’s stock worth $167,614,000 after purchasing an additional 2,242,283 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Antero Midstream by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 9,147,525 shares of the pipeline company’s stock worth $164,653,000 after purchasing an additional 34,596 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Antero Midstream by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 5,991,546 shares of the pipeline company’s stock worth $107,848,000 after purchasing an additional 295,432 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Antero Midstream by 17.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,662,358 shares of the pipeline company’s stock worth $83,922,000 after purchasing an additional 697,234 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Down 0.1%

NYSE AM opened at $17.83 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. The stock’s 50 day moving average is $18.39 and its two-hundred day moving average is $18.06. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 18.77 and a beta of 0.85. Antero Midstream Corporation has a 1-year low of $14.22 and a 1-year high of $19.82.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $305.47 million for the quarter, compared to the consensus estimate of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. Equities analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Antero Midstream’s payout ratio is presently 94.74%.

Insider Activity at Antero Midstream

In other news, insider Sheri Pearce sold 39,155 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total value of $685,604.05. Following the transaction, the insider directly owned 106,489 shares of the company’s stock, valued at $1,864,622.39. The trade was a 26.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. The Goldman Sachs Group lifted their target price on Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Wall Street Zen raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Morgan Stanley lifted their target price on Antero Midstream from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Antero Midstream in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.50.

Antero Midstream 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.