SIR Capital Management L.P. Invests $8.25 Million in Antero Midstream Co. (NYSE:AM)

SIR Capital Management L.P. acquired a new position in Antero Midstream Co. (NYSE:AM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 559,774 shares of the pipeline company’s stock, valued at approximately $8,251,000. SIR Capital Management L.P. owned 0.12% of Antero Midstream at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake 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 worth $31,000 after purchasing an additional 1,753 shares during the period. MCF Advisors LLC acquired a new stake in Antero Midstream during the first quarter worth approximately $34,000. City State Bank acquired a new stake in Antero Midstream during the second quarter worth approximately $51,000. Pacifica Partners Inc. acquired a new stake in Antero Midstream during the first quarter worth approximately $48,000. Finally, First Horizon Advisors Inc. grew its stake in Antero Midstream by 24.2% during the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 688 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AM has been the topic of several recent research reports. Morgan Stanley increased their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.88.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the sale, the insider now directly owns 130,349 shares of the company’s stock, valued at $1,901,791.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $14.19 on Tuesday. The business’s fifty day simple moving average is $14.50 and its 200 day simple moving average is $14.27. The firm has a market capitalization of $6.83 billion, a P/E ratio of 17.73 and a beta of 2.34. Antero Midstream Co. has a 12 month low of $11.50 and a 12 month high of $15.21. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.50.

Antero Midstream (NYSE:AM) last issued 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). Antero Midstream had a return on equity of 19.40% and a net margin of 36.19%. The business had revenue of $269.70 million for the quarter, compared to the consensus estimate of $274.66 million. During the same quarter last year, the business posted $0.22 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that Antero Midstream Co. will post 0.85 EPS 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 given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date of this dividend was Wednesday, July 24th. Antero Midstream’s dividend payout ratio is currently 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.