Los Angeles Capital Management LLC Lowers Position in Antero Midstream Corporation (NYSE:AM)

Los Angeles Capital Management LLC decreased its holdings in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 547,604 shares of the pipeline company's stock after selling 64,257 shares during the quarter. Los Angeles Capital Management LLC owned 0.11% of Antero Midstream worth $9,857,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Antero Midstream by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock valued at $541,250,000 after buying an additional 96,788 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Antero Midstream by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company's stock valued at $137,516,000 after buying an additional 71,361 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Antero Midstream by 2.0% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company's stock valued at $106,680,000 after buying an additional 135,886 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Antero Midstream by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock valued at $92,174,000 after buying an additional 25,001 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Antero Midstream by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 5,991,546 shares of the pipeline company's stock valued at $107,848,000 after buying an additional 295,432 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Morgan Stanley reissued an "underweight" rating and set a $17.00 price objective (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream 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 sale, the director directly owned 73,645 shares in the company, valued at approximately $1,390,417.60. This trade represents a 6.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company's stock.

Antero Midstream Trading Down 0.1%

AM traded down $0.03 on Friday, hitting $17.06. 371,257 shares of the company were exchanged, compared to its average volume of 3,122,690. The firm has a fifty day simple moving average of $18.29 and a two-hundred day simple moving average of $17.28. 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 Corporation has a 12 month low of $13.12 and a 12 month high of $19.08. The stock has a market capitalization of $8.17 billion, a PE ratio of 19.60 and a beta of 1.01.

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. Antero Midstream had a return on equity of 19.75% and a net margin of 37.35%. The business 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 EPS. Antero Midstream's revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts expect that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be given a $0.225 dividend. The ex-dividend date is Wednesday, July 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.28%. Antero Midstream's dividend payout ratio is currently 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.