Antero Midstream Corporation (NYSE:AM) Shares Purchased by Gill Capital Partners LLC

Key Points

• Gill Capital Partners LLC increased its stake in Antero Midstream Corporation by 68.1%, owning 40,443 shares valued at approximately $728,000.
• Analysts have mixed opinions on Antero Midstream, with Wells Fargo raising its price target from $17.00 to $19.00 and Morgan Stanley maintaining an "underweight" rating.
• Antero Midstream recently announced a quarterly dividend of $0.225 per share, which translates to an annualized yield of 4.9%.

Gill Capital Partners LLC raised its stake in Antero Midstream Corporation (NYSE:AM - Free Report) by 68.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,443 shares of the pipeline company's stock after acquiring an additional 16,381 shares during the period. Gill Capital Partners LLC's holdings in Antero Midstream were worth $728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in AM. Hancock Whitney Corp grew its position in Antero Midstream by 1.5% during the 4th quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company's stock worth $650,000 after purchasing an additional 624 shares during the last quarter. CWM LLC boosted its stake in shares of Antero Midstream by 7.1% during the first quarter. CWM LLC now owns 9,472 shares of the pipeline company's stock worth $170,000 after buying an additional 629 shares during the period. Private Advisor Group LLC grew its holdings in shares of Antero Midstream by 1.6% during the first quarter. Private Advisor Group LLC now owns 40,726 shares of the pipeline company's stock worth $733,000 after buying an additional 640 shares during the last quarter. Commerce Bank increased its position in Antero Midstream by 5.0% in the 1st quarter. Commerce Bank now owns 16,739 shares of the pipeline company's stock valued at $301,000 after acquiring an additional 800 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in Antero Midstream by 0.4% during the 1st quarter. State of Alaska Department of Revenue now owns 194,907 shares of the pipeline company's stock valued at $3,507,000 after acquiring an additional 845 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AM. Morgan Stanley reiterated an "underweight" rating and issued a $17.00 price objective (up from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Wells Fargo & Company boosted their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday.

Antero Midstream Stock Performance

Shares of AM stock opened at $18.53 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 has a market cap of $8.87 billion, a PE ratio of 19.51 and a beta of 0.97. Antero Midstream Corporation has a 1 year low of $13.12 and a 1 year high of $19.08. The stock has a fifty day moving average price of $18.10 and a 200 day moving average price of $17.38.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The business had revenue of $305.47 million for the quarter, compared to analyst estimates of $292.70 million. During the same period in the previous year, the firm earned $0.23 EPS. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. Sell-side analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

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

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction 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 sale, the director directly owned 73,645 shares in the company, valued at $1,390,417.60. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company's stock.

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.

Want to see what other hedge funds are holding AM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Midstream Corporation (NYSE:AM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.