Antero Midstream Corporation $AM Stake Raised by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC lifted its holdings in Antero Midstream Corporation (NYSE:AM - Free Report) by 13.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,960 shares of the pipeline company's stock after purchasing an additional 17,100 shares during the period. Antero Midstream comprises about 2.9% of Chung Wu Investment Group LLC's portfolio, making the stock its 7th largest holding. Chung Wu Investment Group LLC's holdings in Antero Midstream were worth $2,766,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Boston Trust Walden Corp purchased a new stake in shares of Antero Midstream in the first quarter valued at approximately $51,269,000. Tortoise Capital Advisors L.L.C. grew its stake in Antero Midstream by 31.7% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company's stock valued at $167,614,000 after acquiring an additional 2,242,283 shares during the period. Nuveen LLC purchased a new stake in Antero Midstream in the 1st quarter worth $25,226,000. Goldman Sachs Group Inc. raised its position in Antero Midstream by 56.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company's stock worth $69,739,000 after acquiring an additional 1,400,368 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Antero Midstream by 17.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,662,358 shares of the pipeline company's stock valued at $83,922,000 after purchasing an additional 697,234 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Stock Performance

NYSE AM opened at $19.09 on Monday. 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 stock's fifty day moving average is $18.30 and its two-hundred day moving average is $17.97. The firm has a market capitalization of $9.13 billion, a P/E ratio of 20.09 and a beta of 0.85. Antero Midstream Corporation has a fifty-two week low of $14.22 and a fifty-two week high of $19.82.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, topping the consensus estimate 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 return on equity of 21.67% and a net margin of 39.53%.The company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. On average, research analysts anticipate that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.7%. The ex-dividend date was Wednesday, July 23rd. Antero Midstream's payout ratio is presently 94.74%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a "buy (a-)" rating on shares of Antero Midstream in a research report on Saturday, September 27th. Morgan Stanley raised their target price on Antero Midstream from $17.00 to $19.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group increased their price objective on Antero Midstream from $15.50 to $17.50 and gave the company a "neutral" rating in a research note on Monday, August 18th. Finally, Wells Fargo & Company raised their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Antero Midstream presently has a consensus rating of "Hold" and an average target price of $18.50.

Insider Buying and Selling at Antero Midstream

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

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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