Antero Midstream Corporation $AM Stake Raised by Maryland State Retirement & Pension System

Key Points

• Maryland State Retirement & Pension System increased its stake in Antero Midstream Corporation by 6.1%, owning 318,146 shares valued at approximately $6,029,000 as of its most recent SEC filing.
• Analysts' ratings for Antero Midstream vary, with Weiss Ratings maintaining a "buy" rating, while Zacks Research downgraded the stock from "strong-buy" to "hold".
• Antero Midstream announced a quarterly dividend of $0.225 per share, representing an annualized yield of 4.8%, with a payout ratio of 94.74%.

Maryland State Retirement & Pension System boosted its holdings in Antero Midstream Corporation (NYSE:AM - Free Report) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 318,146 shares of the pipeline company's stock after acquiring an additional 18,181 shares during the quarter. Maryland State Retirement & Pension System owned about 0.07% of Antero Midstream worth $6,029,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AM. Wealth Enhancement Advisory Services LLC raised its position in Antero Midstream by 7.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,434 shares of the pipeline company's stock worth $354,000 after acquiring an additional 1,660 shares in the last quarter. GAMMA Investing LLC raised its holdings in Antero Midstream by 2,311.6% during the 1st quarter. GAMMA Investing LLC now owns 153,666 shares of the pipeline company's stock worth $2,766,000 after buying an additional 147,294 shares during the period. UMB Bank n.a. raised its holdings in 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 buying an additional 2,188 shares during the period. Park Avenue Securities LLC acquired a new stake in Antero Midstream during the 1st quarter worth about $187,000. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in Antero Midstream by 46.7% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 173,020 shares of the pipeline company's stock worth $3,114,000 after buying an additional 55,085 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AM shares. Weiss Ratings restated a "buy (a-)" rating on shares of Antero Midstream in a report on Wednesday. Zacks Research downgraded Antero Midstream from a "strong-buy" rating to a "hold" rating in a report on Friday, September 19th. Morgan Stanley boosted their price objective on Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. Wells Fargo & Company boosted their price objective on Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Finally, Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $18.50.

Insider Activity at Antero Midstream

In related news, insider Sheri Pearce sold 39,155 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total value of $685,604.05. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.86% of the company's stock.

Antero Midstream Price Performance

Shares of AM opened at $18.85 on Friday. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 19.84 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. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. The business's 50-day moving average is $18.44 and its 200-day moving average is $18.00.

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 for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $305.47 million for the quarter, compared to the consensus estimate of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.The firm's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. Equities research analysts expect that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a $0.225 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.8%. Antero Midstream's dividend payout ratio is currently 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.

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