On May 26, 2023, shares of AM stock opened at $10.45 on the New York Stock Exchange. While Antero Midstream has experienced its fair share of highs and lows over the past year, with a 1-year low of $8.56 and a 1-year high of $11.61, its current market position is still impressive. The company boasts a market cap of $5.01 billion, with a P/E ratio of 15.14 and a beta of 2.36.
Investors have been keeping an eye on Antero Midstream, with several equities research analysts weighing in on the matter recently. UBS Group began coverage on Antero Midstream in a research report on May 10th and gave it an emphatic “buy” rating as well as a target price of $14.00 for the company’s future growth prospects. StockNews.com also provided their insights about Antero Midstream in research published on May 18th; they offered a more cautious “hold” rating.
It is interesting to note that two analysts have rated the stock with a sell rating while two others believe that it should be held onto, and one even thinks it’s worth buying into at this point in time.
Institutions are also paying attention to what Antero Midstream has to offer. Covestor Ltd increased its holdings in shares of Antero Midstream remarkably during Q1 by an impressive 2,155.9%, now valuing these shares at $25,000 after purchasing an additional 2,199 shares in the last quarter alone.
Another institution that took note was Machina Capital SAS which acquired new stakes valued at $27k during Q1 itself. TCI Wealth Advisors Inc also entered the fray,, increasing its position by an incredible rate from Q4 last year by up to over almost tripled rates as now they own over $200k worth of AM shares whereas it was less than $100k back in 2022.
The savvy Belpointe Asset Management LLC has managed to increase its holding by 248% so far during the first quarter, taking its current holdings to 2,646 shares. Even MinichMacGregor Wealth Management LLC purchased a new stake in shares of Antero Midstream during Q4/2022 worth about $31,000.
In total over 52.21% of outstanding shares are owned by hedge funds and other institutional investors as of now. It’s clear that Antero Midstream is attracting interest from both seasoned investors and newcomers alike & is a firm worth keeping tabs on over time. With this low P/E ratio and analysts predicting growth over the next year, there may be some incredible opportunities for those looking to invest in this sector.
Antero Midstream Co. Faces Earnings Confidence and Investor Activity
On May 25th, Capital One Financial released an update on its earnings estimate for Antero Midstream Co. (NYSE: AM) for Q3 of 2023. According to Capital One Financial’s analyst, W. Suki, the pipeline company’s earnings per share for the quarter is predicted to come in at $0.18 instead of the previously projected $0.19. The financial institution holds an “Equal Weight” rating on Antero Midstream’s stock, and predicts full-year earnings per share for the company to reach $0.81.
Several hedge funds and institutional investors have been involved with Antero Midstream in recent months by increasing or reducing their stakes in the market. Among these investors are Covestor Ltd, Machina Capital S.A.S., Belpointe Asset Management LLC, TCI Wealth Advisors Inc., and MinichMacGregor Wealth Management LLC. Collectively holding 52.21% of the company’s stock between them.
As part of its business operations strategy, Antero Midstream announced a quarterly dividend on May 10th which was paid later on May 26th to shareholders recorded on April 26th this year and amounted to a dividend worth $0.225 per share given out by shareholders. This translates into an annualized dividend payout ratio of 130.43% with a yield of 8.61%.
Director David H.Keyte’s recent purchase of 10,000 shares at an average cost of $10.01 per share worth a total value of $100,100 was disclosed in legal SEC filings as he now possesses close to eighty thousand shares in Antero Midstream valued at about $794k dollars.
In contrast, insider Michael N.Kennedy recently sold off three hundred thousand shares at around $10.47/share, totalling about three million one hundred forty-one thousand dollars ($3,1941m). After that sale, Kennedy currently has somewhat over a million shares in Antero Midstream worth about eleven million one hundred five thousand dollars ($11,105843.10), which was also disclosed in SEC filings.
Despite the various activities and movements among investors and insiders alongside recent projections from financial institutions like Capital One Financial, only time will ultimately tell where Antero Midstream and its stock end up in the coming years.
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