Antero Midstream Corporation $AM Shares Acquired by Voya Investment Management LLC

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 grew its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 37.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 396,672 shares of the pipeline company's stock after purchasing an additional 108,739 shares during the quarter. Voya Investment Management LLC owned approximately 0.08% of Antero Midstream worth $7,140,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AM. Transce3nd LLC purchased a new stake in Antero Midstream in the 1st quarter valued at approximately $29,000. UMB Bank n.a. raised its position in shares of 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 purchasing an additional 2,188 shares during the last quarter. Brooklyn Investment Group raised its position in shares of 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. GAMMA Investing LLC raised its position in shares of Antero Midstream by 34.0% during the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock worth $154,000 after purchasing an additional 2,165 shares during the last quarter. Finally, CWM LLC raised its holdings in Antero Midstream by 7.1% in the 1st quarter. CWM LLC now owns 9,472 shares of the pipeline company's stock valued at $170,000 after acquiring an additional 629 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Down 0.3%

AM stock traded down $0.05 during trading on Friday, reaching $18.57. The stock had a trading volume of 7,260,613 shares, compared to its average volume of 2,163,338. The company has a market capitalization of $8.89 billion, a P/E ratio of 19.55 and a beta of 0.92. The firm has a fifty day moving average price of $17.92 and a 200 day moving average price of $17.80. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. 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 earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The business had revenue of $305.47 million for the quarter, compared to analyst estimates of $292.70 million. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 EPS. On average, equities analysts anticipate that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were issued a $0.225 dividend. The ex-dividend date was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.8%. Antero Midstream's dividend payout ratio (DPR) is 94.74%.

Analyst Ratings Changes

AM has been the subject of several analyst reports. Zacks Research upgraded Antero Midstream from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley boosted their price target on 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 boosted their price target on Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, The Goldman Sachs Group boosted their price target on Antero Midstream from $15.50 to $17.50 and gave the company a "neutral" rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $18.50.

Insider Activity

In other news, insider Sheri Pearce sold 39,155 shares of the 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 completion of the transaction, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.86% of the stock is owned by company insiders.

About Antero Midstream

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.