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

Envestnet Asset Management Inc. grew its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 12.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 553,317 shares of the pipeline company's stock after purchasing an additional 60,582 shares during the period. Envestnet Asset Management Inc. owned approximately 0.12% of Antero Midstream worth $9,960,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AM. Norges Bank bought a new stake in shares of Antero Midstream in the 4th quarter valued at approximately $62,578,000. Boston Trust Walden Corp purchased a new stake in shares of Antero Midstream in the first quarter valued at $51,269,000. SIR Capital Management L.P. purchased a new stake in shares of Antero Midstream in the fourth quarter valued at $35,058,000. Balyasny Asset Management L.P. lifted its holdings in shares of Antero Midstream by 7,769.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company's stock worth $15,513,000 after acquiring an additional 1,014,951 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Antero Midstream by 22.5% during the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock worth $61,950,000 after purchasing an additional 753,939 shares during the period. 53.97% of the stock is owned by institutional investors.

Insider Buying and Selling at Antero Midstream

In other 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 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AM shares. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Morgan Stanley reaffirmed an "underweight" rating and set a $17.00 price target (up previously from $16.00) on shares of Antero Midstream in a research note on Tuesday, June 3rd.

Antero Midstream Stock Performance

NYSE AM traded up $0.13 on Thursday, reaching $17.08. 2,214,000 shares of the company's stock traded hands, compared to its average volume of 2,715,334. Antero Midstream Corporation has a fifty-two week low of $13.12 and a fifty-two week high of $19.08. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 19.63 and a beta of 1.01. The stock has a 50 day moving average price of $18.29 and a 200-day moving average price of $17.28.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Antero Midstream had a return on equity of 19.75% and a net margin of 37.35%. The firm had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. During the same period last year, the company earned $0.21 earnings per share. Antero Midstream's revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts predict 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, August 6th. Stockholders of record on Wednesday, July 23rd will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

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.