Westwood Holdings Group Inc. Purchases 184,911 Shares of Antero Midstream Co. (NYSE:AM)

Westwood Holdings Group Inc. boosted its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,359,310 shares of the pipeline company's stock after purchasing an additional 184,911 shares during the quarter. Westwood Holdings Group Inc. owned about 0.70% of Antero Midstream worth $49,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AM. First Horizon Advisors Inc. increased its position in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company's stock valued at $52,000 after purchasing an additional 688 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in Antero Midstream by 1.0% during the second quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company's stock valued at $1,158,000 after acquiring an additional 798 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Antero Midstream by 3.3% during the fourth quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company's stock worth $339,000 after acquiring an additional 871 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Antero Midstream by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 427,703 shares of the pipeline company's stock worth $6,014,000 after acquiring an additional 1,123 shares during the last quarter. Finally, Pitcairn Co. boosted its stake in shares of Antero Midstream by 7.2% in the 1st quarter. Pitcairn Co. now owns 18,784 shares of the pipeline company's stock valued at $264,000 after purchasing an additional 1,259 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Stock Up 1.6 %

AM stock traded up $0.23 during midday trading on Friday, hitting $14.81. The stock had a trading volume of 13,436,846 shares, compared to its average volume of 2,644,686. The business has a 50-day moving average of $14.48 and a two-hundred day moving average of $14.34. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 18.51 and a beta of 2.34. Antero Midstream Co. has a 52-week low of $11.50 and a 52-week high of $15.21.

Antero Midstream (NYSE:AM - Get Free Report) last announced its earnings results on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. 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. As a group, equities research analysts forecast that Antero Midstream Co. will post 0.85 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.08%. The ex-dividend date was Wednesday, July 24th. Antero Midstream's dividend payout ratio (DPR) is currently 112.50%.

Insider Buying and Selling

In other news, insider Sheri Pearce sold 23,518 shares of Antero Midstream stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 in the company, valued at $1,901,791.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on AM. StockNews.com cut Antero Midstream from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Morgan Stanley increased their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Antero Midstream currently has an average rating of "Hold" and a consensus price target of $13.88.

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.