Voya Investment Management LLC Acquires 108,739 Shares of Antero Midstream Corporation $AM

Key Points

• Voya Investment Management LLC increased its stake in Antero Midstream by 37.8%, owning approximately 0.08% of the company worth $7.14 million after acquiring additional shares.
• Analysts have shown a range of sentiments towards Antero Midstream with price target increases, including a boost from Wells Fargo to $19.00, while the consensus rating remains at "Hold".
• Antero Midstream recently reported an earnings per share (EPS) of $0.26, beating the estimated EPS and marking a 13.2% year-over-year increase in revenue.

Voya Investment Management LLC raised its stake in Antero Midstream Corporation (NYSE:AM - Free Report) by 37.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 396,672 shares of the pipeline company's stock after buying an additional 108,739 shares during the period. Voya Investment Management LLC owned approximately 0.08% of Antero Midstream worth $7,140,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new position in shares of Antero Midstream during the first quarter valued at approximately $529,000. Sequoia Financial Advisors LLC increased its stake in Antero Midstream by 6.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,034 shares of the pipeline company's stock worth $289,000 after buying an additional 975 shares during the period. Silver Oak Securities Incorporated purchased a new stake in Antero Midstream during the 1st quarter worth $459,000. KBC Group NV increased its stake in Antero Midstream by 18.5% during the 1st quarter. KBC Group NV now owns 17,628 shares of the pipeline company's stock worth $317,000 after buying an additional 2,757 shares during the period. Finally, Diversified Trust Co purchased a new stake in Antero Midstream during the 1st quarter worth $495,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of Antero Midstream stock in a transaction that occurred 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 transaction, the insider owned 106,489 shares of the company's stock, valued at approximately $1,864,622.39. The trade was a 26.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.86% of the company's stock.

Antero Midstream Price Performance

Shares of AM stock traded down $0.05 during mid-day trading on Friday, reaching $18.57. The company's stock had a trading volume of 7,260,613 shares, compared to its average volume of 2,408,328. Antero Midstream Corporation has a 1-year low of $14.22 and a 1-year high of $19.08. The company has a market cap of $8.89 billion, a P/E ratio of 19.55 and a beta of 0.92. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03. The firm's 50-day moving average is $17.92 and its two-hundred day moving average is $17.82.

Antero Midstream (NYSE:AM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 39.53% and a return on equity of 21.67%. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $0.23 EPS. On average, research analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current 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 paid 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 4.8%. Antero Midstream's dividend payout ratio (DPR) is presently 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.