Antero Midstream Corporation $AM Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its holdings in Antero Midstream Corporation (NYSE:AM) by 12.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 268,302 shares of the pipeline company’s stock after buying an additional 29,501 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Antero Midstream were worth $4,773,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in shares of Antero Midstream by 0.8% in the first quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock worth $3,256,000 after acquiring an additional 1,371 shares during the last quarter. AQR Capital Management LLC increased its position in Antero Midstream by 174.9% during the first quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock worth $1,508,000 after purchasing an additional 53,281 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Antero Midstream by 56.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock worth $69,739,000 after purchasing an additional 1,400,368 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Antero Midstream by 4.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company’s stock worth $17,029,000 after purchasing an additional 43,335 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Antero Midstream by 419.4% in the 2nd quarter. Prudential Financial Inc. now owns 185,064 shares of the pipeline company’s stock valued at $3,507,000 after purchasing an additional 149,433 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

AM has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Weiss Ratings upgraded Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, March 6th. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. UBS Group boosted their target price on Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, March 25th. Finally, The Goldman Sachs Group increased their target price on shares of Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.50.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $23.16, for a total transaction of $115,800.00. Following the completion of the transaction, the director directly owned 69,680 shares in the company, valued at approximately $1,613,788.80. The trade was a 6.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Yvette K. Schultz sold 25,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $22.81, for a total value of $570,250.00. Following the completion of the transaction, the insider directly owned 649,834 shares of the company’s stock, valued at $14,822,713.54. This trade represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 44,000 shares of company stock worth $1,004,690 in the last ninety days. 0.86% of the stock is owned by insiders.

Antero Midstream Trading Down 0.2%

NYSE AM opened at $23.13 on Tuesday. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 26.90 and a beta of 0.77. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41. Antero Midstream Corporation has a 12 month low of $15.07 and a 12 month high of $23.83. The company’s fifty day moving average price is $21.30 and its two-hundred day moving average price is $19.23.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The business had revenue of $297.00 million during the quarter, compared to the consensus estimate of $292.46 million. During the same period in the previous year, the business earned $0.23 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, research analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were given a $0.225 dividend. The ex-dividend date was Wednesday, January 28th. This represents a $0.90 annualized dividend and a yield of 3.9%. Antero Midstream’s dividend payout ratio (DPR) is currently 104.65%.

Antero Midstream 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.