New York State Common Retirement Fund Has $10.17 Million Holdings in Antero Midstream Corporation $AM

New York State Common Retirement Fund boosted its holdings in shares of Antero Midstream Corporation (NYSE:AM) by 41.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 523,029 shares of the pipeline company’s stock after buying an additional 153,200 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of Antero Midstream worth $10,168,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Richardson Financial Services Inc. boosted its stake in shares of Antero Midstream by 330.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 994 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Antero Midstream in the 3rd quarter worth approximately $25,000. Quent Capital LLC bought a new stake in Antero Midstream during the third quarter worth approximately $28,000. Global Retirement Partners LLC grew its holdings in Antero Midstream by 33.3% during the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock valued at $44,000 after purchasing an additional 565 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Antero Midstream by 58.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company’s stock valued at $51,000 after purchasing an additional 1,000 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Trading Up 0.8%

Antero Midstream stock opened at $18.65 on Wednesday. The business has a 50 day moving average price of $18.04 and a two-hundred day moving average price of $18.08. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46. Antero Midstream Corporation has a 12 month low of $15.07 and a 12 month high of $19.82. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 19.03 and a beta of 0.81.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, January 28th. Antero Midstream’s dividend payout ratio (DPR) is 91.84%.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total value of $87,950.00. Following the sale, the director owned 72,622 shares of the company’s stock, valued at $1,277,420.98. The trade was a 6.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AM has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 23rd. Morgan Stanley boosted their target price on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 12th. Wall Street Zen downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday, December 29th. Finally, Zacks Research upgraded Antero Midstream from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Antero Midstream presently has an average rating of “Hold” and an average price target of $19.17.

Antero Midstream Company Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.