Allspring Global Investments Holdings LLC Acquires Shares of 28,971 Antero Midstream Corporation (NYSE:AM)

Allspring Global Investments Holdings LLC acquired a new stake in Antero Midstream Corporation (NYSE:AM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 28,971 shares of the pipeline company's stock, valued at approximately $529,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AM. UMB Bank n.a. raised its holdings in shares of Antero Midstream by 170.8% in the 1st quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after buying an additional 2,188 shares during the period. TD Waterhouse Canada Inc. grew its stake in Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after purchasing an additional 963 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Antero Midstream during the 4th quarter worth $119,000. Harvest Fund Management Co. Ltd grew its stake in Antero Midstream by 5,787.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock worth $124,000 after purchasing an additional 8,102 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Antero Midstream by 34.0% during the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock worth $154,000 after purchasing an additional 2,165 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Up 0.0%

Shares of NYSE:AM traded up $0.00 on Friday, hitting $17.44. 1,543,371 shares of the company's stock were exchanged, compared to its average volume of 2,985,511. Antero Midstream Corporation has a 1-year low of $13.12 and a 1-year high of $19.09. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $8.36 billion, a PE ratio of 20.05 and a beta of 1.01. The firm's 50-day moving average is $18.36 and its 200 day moving average is $17.17.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Antero Midstream had a return on equity of 19.75% and a net margin of 37.35%. The business had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. During the same period in the previous year, the business earned $0.21 EPS. The business's quarterly revenue was up 4.3% on a year-over-year basis. Sell-side analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend is Wednesday, July 23rd. Antero Midstream's payout ratio is currently 103.45%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AM shares. Morgan Stanley reaffirmed an "underweight" rating and set a $17.00 price objective (up from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd.

Insider Buying and Selling 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 transaction of $94,400.00. Following the completion of the sale, the director directly owned 73,645 shares of the company's stock, valued at $1,390,417.60. This represents a 6.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company's stock.

About Antero Midstream

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.