Antero Midstream Corporation (NYSE:AM) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Antero Midstream Corporation (NYSE:AM - Free Report) by 12.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,317 shares of the pipeline company's stock after acquiring an additional 60,582 shares during the period. Envestnet Asset Management Inc. owned 0.12% of Antero Midstream worth $9,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Hancock Whitney Corp boosted its stake in Antero Midstream by 1.5% in the fourth quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company's stock valued at $650,000 after acquiring an additional 624 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Antero Midstream by 0.4% in the first quarter. State of Alaska Department of Revenue now owns 194,907 shares of the pipeline company's stock valued at $3,507,000 after buying an additional 845 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Antero Midstream by 0.4% in the first quarter. QRG Capital Management Inc. now owns 253,566 shares of the pipeline company's stock valued at $4,564,000 after buying an additional 899 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Antero Midstream by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 149,041 shares of the pipeline company's stock valued at $2,249,000 after buying an additional 940 shares during the last quarter. Finally, Gotham Asset Management LLC raised its holdings in shares of Antero Midstream by 0.7% in the fourth quarter. Gotham Asset Management LLC now owns 140,998 shares of the pipeline company's stock valued at $2,128,000 after buying an additional 957 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed an "underweight" rating and issued a $17.00 target price (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Antero Midstream Price Performance

Shares of NYSE:AM opened at $17.99 on Monday. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 20.68 and a beta of 1.01. Antero Midstream Corporation has a one year low of $13.12 and a one year high of $19.09. The company has a 50-day simple moving average of $18.36 and a 200-day simple moving average of $17.27. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 1.42.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. On average, analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $0.90 annualized dividend and a yield of 5.00%. Antero Midstream's dividend payout ratio is currently 103.45%.

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.

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