Financiere des Professionnels Fonds d investissement inc. Invests $690,000 in Antero Midstream Corporation $AM

Financiere des Professionnels Fonds d investissement inc. bought a new stake in Antero Midstream Corporation (NYSE:AM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 30,281 shares of the pipeline company’s stock, valued at approximately $690,000.

A number of other large investors also recently added to or reduced their stakes in AM. Root Financial Partners LLC grew its stake in shares of Antero Midstream by 36.4% in the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock valued at $46,000 after buying an additional 537 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Antero Midstream by 23.0% during the 4th quarter. Hantz Financial Services Inc. now owns 3,305 shares of the pipeline company’s stock valued at $59,000 after acquiring an additional 617 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Antero Midstream by 0.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 120,765 shares of the pipeline company’s stock valued at $2,148,000 after acquiring an additional 660 shares during the period. Choreo LLC grew its position in Antero Midstream by 5.0% in the 4th quarter. Choreo LLC now owns 14,183 shares of the pipeline company’s stock valued at $253,000 after acquiring an additional 679 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Antero Midstream by 6.9% in the 4th quarter. GAMMA Investing LLC now owns 10,884 shares of the pipeline company’s stock valued at $194,000 after acquiring an additional 701 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Antero Midstream

In other news, insider Yvette K. Schultz sold 69,269 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $21.90, for a total transaction of $1,516,991.10. Following the completion of the sale, the insider owned 580,565 shares in the company, valued at approximately $12,714,373.50. The trade was a 10.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael N. Kennedy sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $21.92, for a total transaction of $2,192,000.00. Following the sale, the insider owned 1,500,594 shares of the company’s stock, valued at $32,893,020.48. This represents a 6.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.

Antero Midstream Stock Down 1.2%

Antero Midstream stock opened at $22.59 on Friday. The stock has a market cap of $10.73 billion, a PE ratio of 26.26 and a beta of 0.64. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s fifty day moving average is $21.95 and its two-hundred day moving average is $21.21. Antero Midstream Corporation has a 1-year low of $16.77 and a 1-year high of $23.83.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The business had revenue of $314.21 million for the quarter, compared to analyst estimates of $311.30 million. During the same period in the prior year, the company posted $0.25 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts expect that Antero Midstream Corporation will post 1.1 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, July 29th. Antero Midstream’s dividend payout ratio is 104.65%.

Analysts Set New Price Targets

AM has been the topic of several research reports. Morgan Stanley raised shares of Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price target on the stock in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 25th. The Goldman Sachs Group set a $24.00 target price on shares of Antero Midstream in a research note on Tuesday. Finally, UBS Group increased their target price on shares of Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Antero Midstream has a consensus rating of “Hold” and an average target price of $24.25.

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.