Invst LLC Acquires Shares of 35,332 Antero Midstream Corporation $AM

Invst LLC bought a new position in Antero Midstream Corporation (NYSE:AM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 35,332 shares of the pipeline company’s stock, valued at approximately $804,000.

A number of other large investors also recently modified their holdings of AM. BlackRock Inc. acquired a new position in Antero Midstream during the 2nd quarter worth $869,045,000. Bank of New York Mellon Corp acquired a new stake in shares of Antero Midstream in the 2nd quarter valued at $157,371,000. Norges Bank acquired a new stake in shares of Antero Midstream in the 4th quarter valued at $66,998,000. Kayne Anderson Capital Advisors LP bought a new stake in shares of Antero Midstream during the second quarter worth $49,883,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Antero Midstream during the second quarter worth $46,007,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 16,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total value of $352,160.00. Following the transaction, the insider owned 83,900 shares of the company’s stock, valued at approximately $1,846,639. This represents a 16.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the transaction, the director owned 68,204 shares in the company, valued at approximately $1,450,699.08. This trade represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AM shares. The Goldman Sachs Group set a $24.00 price target on Antero Midstream in a report on Tuesday, July 14th. Weiss Ratings cut Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company boosted their price objective on Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Antero Midstream currently has a consensus rating of “Hold” and a consensus price target of $24.50.

Antero Midstream Price Performance

Shares of AM stock opened at $21.92 on Wednesday. The firm’s 50 day moving average price is $22.25 and its two-hundred day moving average price is $21.99. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84. Antero Midstream Corporation has a 52-week low of $16.96 and a 52-week high of $23.83. The stock has a market cap of $10.40 billion, a PE ratio of 26.10 and a beta of 0.65.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $327.24 million during the quarter, compared to analysts’ expectations of $326.43 million. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, analysts forecast that Antero Midstream Corporation will post 1.09 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Wednesday, July 29th. Antero Midstream’s dividend payout ratio is currently 107.14%.

Antero Midstream Company 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.