AlphaQuest LLC Buys 16,775 Shares of 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 position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 50.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,123 shares of the pipeline company's stock after acquiring an additional 16,775 shares during the period. AlphaQuest LLC's holdings in Antero Midstream were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Transce3nd LLC acquired a new position in Antero Midstream during the first quarter worth about $29,000. UMB Bank n.a. grew its position 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 last quarter. Brooklyn Investment Group grew its position in Antero Midstream by 41.2% during the 1st quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company's stock worth $82,000 after purchasing an additional 1,328 shares during the last quarter. TD Waterhouse Canada Inc. boosted 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 valued at $85,000 after acquiring an additional 963 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Antero Midstream by 34.0% in the first quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock valued at $154,000 after purchasing an additional 2,165 shares during the period. Hedge funds and other institutional investors own 53.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AM shares. Morgan Stanley boosted their target price on shares of Antero Midstream from $17.00 to $19.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Wells Fargo & Company raised their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group raised their target price on Antero Midstream from $15.50 to $17.50 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Finally, Zacks Research raised Antero Midstream from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $18.50.

Antero Midstream Trading Down 0.4%

Shares of AM traded down $0.08 during mid-day trading on Friday, reaching $17.77. 2,271,927 shares of the company were exchanged, compared to its average volume of 2,511,894. The stock has a market capitalization of $8.50 billion, a PE ratio of 18.70 and a beta of 0.97. The business has a 50 day simple moving average of $17.91 and a two-hundred day simple moving average of $17.63. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03. Antero Midstream Corporation has a 52 week low of $14.06 and a 52 week high of $19.08.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $305.47 million during the quarter, compared to analysts' expectations of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. On average, analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

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

Insider Buying and Selling

In related news, insider Sheri Pearce sold 39,155 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total transaction of $685,604.05. Following the completion of the transaction, the insider directly owned 106,489 shares in the company, valued at $1,864,622.39. The trade was a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is currently owned by insiders.

Antero Midstream Company 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.