Kayne Anderson Capital Advisors LP Raises Stake in Antero Midstream Corporation $AM

Kayne Anderson Capital Advisors LP lifted its stake in shares of Antero Midstream Corporation (NYSE:AM) by 27.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,602,274 shares of the pipeline company’s stock after purchasing an additional 776,851 shares during the quarter. Antero Midstream comprises about 1.5% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 17th largest position. Kayne Anderson Capital Advisors LP owned approximately 0.76% of Antero Midstream worth $70,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Antero Midstream by 0.3% during the third quarter. Vanguard Group Inc. now owns 37,213,184 shares of the pipeline company’s stock worth $723,424,000 after buying an additional 124,102 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Antero Midstream by 22.3% in the third 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 buying an additional 1,430,138 shares in the last quarter. Norges Bank purchased a new position in Antero Midstream in the second quarter valued at about $80,504,000. Goldman Sachs Group Inc. lifted its position in shares of Antero Midstream by 56.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock valued at $69,739,000 after acquiring an additional 1,400,368 shares during the period. Finally, Boston Trust Walden Corp boosted its stake in shares of Antero Midstream by 5.5% during the 3rd quarter. Boston Trust Walden Corp now owns 3,738,016 shares of the pipeline company’s stock worth $72,667,000 after acquiring an additional 194,480 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

Antero Midstream stock opened at $22.11 on Wednesday. Antero Midstream Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $22.14. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of 25.71 and a beta of 0.81. The stock has a fifty day moving average of $18.81 and a two-hundred day moving average of $18.38. The company has a debt-to-equity ratio of 1.63, a quick ratio of 3.41 and a current ratio of 3.41.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, February 11th. The pipeline company reported $0.28 EPS 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 for the quarter, compared to analyst estimates of $292.46 million. During the same quarter last year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.1%. Antero Midstream’s payout ratio is 104.65%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AM shares. Wall Street Zen downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Morgan Stanley upped their target price on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. The Goldman Sachs Group lifted their price target on Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.33.

Insider Buying and Selling 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 Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total value of $87,950.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.86% of the stock is currently owned by corporate insiders.

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.