Antero Midstream Corporation (NYSE:AM) Shares Acquired by Eagle Global Advisors LLC

Key Points

• Eagle Global Advisors LLC has increased its stake in Antero Midstream Corporation by 106.2% in Q1, owning approximately 240,740 shares valued at $4.33 million.
• Antero Midstream reported earnings of $0.26 per share for the last quarter, exceeding analyst estimates, with a revenue of $305.47 million, reflecting a 13.2% year-over-year increase.
• The company declared a quarterly dividend of $0.225 per share, resulting in an annualized dividend of $0.90 and a yield of 4.9% with a payout ratio of 94.74%.

Eagle Global Advisors LLC raised its position in Antero Midstream Corporation (NYSE:AM - Free Report) by 106.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,740 shares of the pipeline company's stock after acquiring an additional 124,000 shares during the quarter. Eagle Global Advisors LLC owned approximately 0.05% of Antero Midstream worth $4,333,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Transce3nd LLC acquired a new position in Antero Midstream in the 1st quarter valued at about $29,000. UMB Bank n.a. grew 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 worth $62,000 after buying an additional 2,188 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after buying an additional 963 shares in the last quarter. GAMMA Investing LLC grew 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 worth $154,000 after buying an additional 2,165 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Antero Midstream during the fourth quarter worth about $159,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Morgan Stanley boosted their price objective on Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a research 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 research report on Friday, August 1st. Finally, Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the transaction, the director directly owned 73,645 shares of the company's stock, valued at $1,390,417.60. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.

Antero Midstream Stock Down 1.1%

AM traded down $0.20 on Tuesday, reaching $18.26. The company's stock had a trading volume of 2,560,103 shares, compared to its average volume of 2,992,666. The stock has a 50 day moving average of $18.05 and a two-hundred day moving average of $17.47. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 19.22 and a beta of 0.97. Antero Midstream Corporation has a fifty-two week low of $13.77 and a fifty-two week high of $19.08.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly 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 firm had revenue of $305.47 million during 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share. As a group, analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Wednesday, July 23rd. Antero Midstream's dividend payout ratio is 94.74%.

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.