AlphaQuest LLC Raises Holdings in Antero Midstream Corporation $AM

Key Points

• AlphaQuest LLC increased its ownership in Antero Midstream Corporation by 50.3%, owning 50,123 shares valued at approximately $902,000 as of its latest SEC filing.
• Several large investors have also boosted their stakes in Antero Midstream, with Hsbc Holdings PLC increasing its holdings by 629.1% during the fourth quarter.
• Antero Midstream recently announced a quarterly dividend of $0.225 per share, reflecting a 5.1% yield and a payout ratio of 94.74%.

AlphaQuest LLC boosted its stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 50.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,123 shares of the pipeline company's stock after purchasing an additional 16,775 shares during the quarter. AlphaQuest LLC's holdings in Antero Midstream were worth $902,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AM. MetLife Investment Management LLC boosted its holdings in shares of Antero Midstream by 8.7% in the fourth quarter. MetLife Investment Management LLC now owns 195,670 shares of the pipeline company's stock valued at $2,953,000 after acquiring an additional 15,624 shares during the period. Tower Research Capital LLC TRC increased its stake in Antero Midstream by 222.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 20,555 shares of the pipeline company's stock valued at $310,000 after purchasing an additional 14,182 shares during the period. TD Waterhouse Canada Inc. boosted its stake in shares of Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after buying an additional 963 shares during the period. Stifel Financial Corp grew its holdings in shares of Antero Midstream by 1.7% during the fourth quarter. Stifel Financial Corp now owns 84,853 shares of the pipeline company's stock worth $1,280,000 after buying an additional 1,401 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of Antero Midstream by 629.1% during the fourth quarter. Hsbc Holdings PLC now owns 85,063 shares of the pipeline company's stock worth $1,284,000 after buying an additional 73,396 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Analyst Ratings Changes

AM has been the topic of a number of research reports. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley upped their price target on Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group upped their price target on Antero Midstream from $15.50 to $17.50 and gave the stock a "neutral" rating in a research note on Monday, August 18th. Zacks Research upgraded shares of Antero Midstream from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Finally, Wells Fargo & Company upped their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $18.50.

Insider Buying and Selling at Antero Midstream

In other 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sheri Pearce sold 39,155 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total value of $685,604.05. Following the transaction, the insider owned 106,489 shares in the company, valued at $1,864,622.39. This trade represents a 26.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

Antero Midstream Stock Down 0.1%

Antero Midstream stock opened at $17.6880 on Monday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. Antero Midstream Corporation has a 1-year low of $14.06 and a 1-year high of $19.08. The company has a market cap of $8.46 billion, a PE ratio of 18.62 and a beta of 0.97. The stock's 50 day moving average price is $17.95 and its 200 day moving average price is $17.58.

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 for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.The firm had revenue of $305.47 million for the quarter, compared to the consensus estimate of $292.70 million. During the same period in the previous year, the business earned $0.23 earnings per share. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, sell-side analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a yield of 5.1%. Antero Midstream's payout ratio is currently 94.74%.

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.

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