Dynamic Technology Lab Private Ltd Takes $848,000 Position in Antero Midstream Corporation $AM

Dynamic Technology Lab Private Ltd acquired a new stake in Antero Midstream Corporation (NYSE:AM) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 43,594 shares of the pipeline company’s stock, valued at approximately $848,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Antero Midstream by 22.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock valued at $152,574,000 after acquiring an additional 1,430,138 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Antero Midstream by 40.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 504,755 shares of the pipeline company’s stock worth $9,812,000 after purchasing an additional 146,300 shares in the last quarter. American Century Companies Inc. raised its position in Antero Midstream by 21.0% in the third quarter. American Century Companies Inc. now owns 3,081,943 shares of the pipeline company’s stock valued at $59,913,000 after purchasing an additional 535,245 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Antero Midstream during the third quarter valued at about $2,676,000. Finally, Franklin Resources Inc. boosted its stake in shares of Antero Midstream by 54.3% during the second quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock valued at $11,637,000 after purchasing an additional 216,022 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AM. Morgan Stanley upped their price objective on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, November 12th. Wells Fargo & Company lifted their target price on shares of Antero Midstream from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. The Goldman Sachs Group boosted their target price on shares of Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Weiss Ratings raised shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. Finally, Zacks Research cut shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. One research 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 company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.33.

Antero Midstream Price Performance

Shares of NYSE AM opened at $22.76 on Tuesday. The company has a market capitalization of $10.76 billion, a PE ratio of 26.46 and a beta of 0.77. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 1.63. Antero Midstream Corporation has a twelve month low of $15.07 and a twelve month high of $23.10. The firm has a fifty day simple moving average of $19.69 and a 200 day simple moving average of $18.69.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 11th. The pipeline company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. Antero Midstream had a net margin of 34.77% and a return on equity of 20.12%. The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $292.46 million. During the same quarter last year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Wednesday, January 28th. Antero Midstream’s payout ratio is presently 104.65%.

Insider Transactions at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated 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 approximately $1,277,420.98. The trade was a 6.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.86% of the stock is owned by company insiders.

About Antero Midstream

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.