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28,971 Shares in Antero Midstream Corporation (NYSE:AM) Acquired by Allspring Global Investments Holdings LLC

Antero Midstream logo with Energy background

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

A number of other institutional investors and hedge funds have also recently modified their holdings of AM. UMB Bank n.a. raised its stake in Antero Midstream by 170.8% during the 1st 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 period. TD Waterhouse Canada Inc. increased its stake 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 purchasing an additional 963 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Antero Midstream during the 4th quarter valued at $119,000. Harvest Fund Management Co. Ltd lifted its stake in shares of 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 valued at $124,000 after buying an additional 8,102 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Antero Midstream by 34.0% in the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock worth $154,000 after buying an additional 2,165 shares during the period. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on AM shares. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Morgan Stanley reiterated an "underweight" rating and set a $17.00 target price (up previously from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd.

Read Our Latest Research Report on Antero Midstream

Insider Activity

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction 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 approximately $1,390,417.60. This represents a 6.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company's stock.

Antero Midstream Stock Performance

AM stock opened at $17.54 on Thursday. Antero Midstream Corporation has a twelve month low of $13.12 and a twelve month high of $19.09. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 20.16 and a beta of 1.01. The business's fifty day simple moving average is $18.35 and its two-hundred day simple moving average is $17.13. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.49.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. The firm's revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS. 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 declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.13%. Antero Midstream's dividend payout ratio is presently 103.45%.

Antero Midstream Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Antero Midstream (NYSE:AM)

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