Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 151,126 Antero Midstream Corporation (NYSE:AM)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Antero Midstream Corporation (NYSE:AM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 151,126 shares of the pipeline company's stock, valued at approximately $2,720,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Transce3nd LLC acquired a new position in shares of Antero Midstream during the 1st quarter worth approximately $29,000. UMB Bank n.a. raised its holdings in shares of Antero Midstream by 170.8% in the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock worth $62,000 after acquiring an additional 2,188 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Antero Midstream by 20.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after acquiring an additional 963 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Antero Midstream in the fourth quarter valued at $119,000. Finally, GAMMA Investing LLC boosted its stake in shares of Antero Midstream by 34.0% during the first quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock valued at $154,000 after acquiring an additional 2,165 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Up 1.0%

AM traded up $0.18 on Friday, reaching $18.53. The company's stock had a trading volume of 4,249,913 shares, compared to its average volume of 2,706,692. The business's 50 day moving average is $18.10 and its 200 day moving average is $17.37. Antero Midstream Corporation has a 1 year low of $13.12 and a 1 year high of $19.08. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 19.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.42.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%. The business had revenue of $305.47 million for the quarter, compared to analyst estimates of $292.70 million. During the same period in the prior year, the company posted $0.23 EPS. The business's revenue was up 13.2% compared to the same quarter last year. As a group, research analysts forecast that Antero Midstream Corporation will post 0.95 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 6th. Stockholders of record on Wednesday, July 23rd will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is 94.74%.

Analysts Set New Price Targets

A number of research firms have issued reports on AM. Morgan Stanley restated an "underweight" rating and issued a $17.00 target price (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Wells Fargo & Company lifted their target price on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the sale, the director directly owned 73,645 shares in the company, valued at $1,390,417.60. This represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.61% of the company's stock.

Antero Midstream Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.