Antero Midstream Corporation $AM Shares Bought by Amundi

Key Points

• Amundi significantly increased its stake in Antero Midstream Corporation by 3,121.9% during Q1, owning 125,913 shares valued at approximately $2.26 million after purchasing an additional 122,005 shares.
• The company's recent earnings report showed an EPS of $0.26, surpassing analysts' expectations, with revenues increasing 13.2% year-over-year to $305.47 million.
• Antero Midstream declared a quarterly dividend of $0.225 per share, yielding 4.9%, with a high dividend payout ratio of 94.74%.

Amundi raised its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 3,121.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 125,913 shares of the pipeline company's stock after buying an additional 122,005 shares during the quarter. Amundi's holdings in Antero Midstream were worth $2,263,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Transce3nd LLC purchased a new stake in shares of Antero Midstream during the first quarter valued at about $29,000. UMB Bank n.a. lifted its position in shares of Antero Midstream by 170.8% during the first 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 lifted its position in shares of Antero Midstream by 41.2% during the first quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company's stock valued at $82,000 after buying an additional 1,328 shares during the last quarter. GAMMA Investing LLC lifted its position 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 buying an additional 2,165 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Antero Midstream during the fourth quarter valued at about $159,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Antero Midstream

In related news, insider Sheri Pearce sold 39,155 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.86% of the stock is currently owned by company insiders.

Antero Midstream Stock Performance

NYSE:AM traded down $0.10 during mid-day trading on Tuesday, hitting $18.29. The company's stock had a trading volume of 611,756 shares, compared to its average volume of 3,036,030. The business's fifty day moving average is $17.84 and its two-hundred day moving average is $17.77. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 19.25 and a beta of 0.92. 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 $14.22 and a 1 year high of $19.08.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings data 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. The business 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. Analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.9%. Antero Midstream's dividend payout ratio (DPR) is presently 94.74%.

Analyst Upgrades and Downgrades

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

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.