Brave Warrior Advisors LLC Reduces Holdings in Antero Midstream Corporation $AM

Brave Warrior Advisors LLC decreased its position in shares of Antero Midstream Corporation (NYSE:AM) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,865,330 shares of the pipeline company’s stock after selling 32,446 shares during the period. Antero Midstream comprises approximately 0.8% of Brave Warrior Advisors LLC’s holdings, making the stock its 17th biggest holding. Brave Warrior Advisors LLC owned about 0.39% of Antero Midstream worth $36,262,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Antero Midstream by 0.8% in the 1st quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock valued at $3,256,000 after purchasing an additional 1,371 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Antero Midstream by 174.9% during the 1st quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock worth $1,508,000 after buying an additional 53,281 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Antero Midstream by 56.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock worth $69,739,000 after acquiring an additional 1,400,368 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Antero Midstream by 4.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company’s stock valued at $17,029,000 after acquiring an additional 43,335 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Antero Midstream by 13.9% in the 2nd quarter. ProShare Advisors LLC now owns 41,787 shares of the pipeline company’s stock valued at $792,000 after acquiring an additional 5,115 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $23.16, for a total transaction of $115,800.00. Following the transaction, the director owned 69,680 shares of the company’s stock, valued at approximately $1,613,788.80. This trade represents a 6.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sheri Pearce sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total value of $318,640.00. Following the completion of the sale, the insider owned 99,900 shares of the company’s stock, valued at $2,273,724. This trade represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 49,000 shares of company stock worth $1,092,640 in the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

AM has been the topic of several research analyst reports. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Wells Fargo & Company boosted their price objective on shares of Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday. The Goldman Sachs Group increased their price objective on shares of Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings upgraded Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Antero Midstream has an average rating of “Hold” and an average price target of $22.00.

Antero Midstream Stock Performance

AM opened at $23.16 on Friday. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 1.63. The business’s 50 day moving average is $20.10 and its 200-day moving average is $18.83. The stock has a market cap of $10.96 billion, a PE ratio of 26.93 and a beta of 0.77. Antero Midstream Corporation has a twelve month low of $15.07 and a twelve month high of $23.34.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. The company had revenue of $297.00 million during the quarter, compared to analysts’ expectations of $292.46 million. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 earnings per share. On average, analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

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

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.