Bank of New York Mellon Corp Buys Shares of 6,917,415 Antero Midstream Corporation $AM

Key Points

• Bank of New York Mellon acquired 6.9 million Antero Midstream shares valued at approximately $157.4 million, representing about 1.46% of the company. Institutional investors and hedge funds collectively own 53.97% of the stock.
• Antero Midstream reported quarterly EPS of $0.27, in line with estimates, while revenue increased 7.1% year over year to $327.2 million. Zacks raised several future earnings forecasts, though it lowered its Q3 2027 estimate.
• The company paid a quarterly dividend of $0.225 per share, equal to a $0.90 annualized payout and a 4.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $24.50, while two insiders recently sold shares.

Bank of New York Mellon Corp bought a new position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,917,415 shares of the pipeline company's stock, valued at approximately $157,371,000. Bank of New York Mellon Corp owned approximately 1.46% of Antero Midstream as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Clearstead Trust LLC bought a new position in Antero Midstream during the second quarter worth about $30,000. Arax Advisory Partners lifted its holdings in shares of Antero Midstream by 83.9% during the 4th quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company's stock worth $31,000 after acquiring an additional 791 shares during the period. Larson Financial Group LLC lifted its stake in Antero Midstream by 68.1% during the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company's stock worth $31,000 after purchasing an additional 708 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Antero Midstream by 36.4% in the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company's stock worth $46,000 after acquiring an additional 537 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Antero Midstream by 219,900.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company's stock valued at $39,000 after buying an additional 2,199 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Antero Midstream

Here are the key news stories impacting Antero Midstream this week:

• Positive Sentiment: Zacks raised its estimates for multiple periods, including Q3 and Q4 2026, Q1 and Q2 2027, Q4 2027, and Q1 and Q2 2028. The firm also increased its full-year EPS forecasts to $1.17 for 2027 from $1.16 and $1.23 for 2028 from $1.21. Antero Midstream analyst estimates
• Positive Sentiment: The revisions included a higher Q3 2026 estimate of $0.27 EPS, up from $0.26, and a higher Q4 2026 estimate of $0.27, up from $0.26. Estimates for Q1 2027, Q2 2027, Q4 2027, Q1 2028 and Q2 2028 were also raised by $0.01 to $0.02 per share.
• Neutral Sentiment: The current-year consensus EPS estimate remains $1.09. AM recently reported quarterly EPS of $0.27, in line with expectations, while revenue rose 7.1% year over year to $327.2 million.
• Negative Sentiment: Zacks lowered its Q3 2027 EPS forecast to $0.27 from $0.30, indicating that the positive revisions are not uniform across the forecast period.

Insider Buying and Selling

In other Antero Midstream news, insider Sheri Pearce sold 16,000 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the completion of the sale, the insider directly owned 83,900 shares in the company, valued at $1,846,639. This trade represents a 16.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the completion of the transaction, the director owned 68,204 shares of the company's stock, valued at approximately $1,450,699.08. This trade represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company's stock.

Antero Midstream Price Performance

AM stock opened at $22.17 on Monday. The stock has a market cap of $10.52 billion, a PE ratio of 26.39 and a beta of 0.65. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84. Antero Midstream Corporation has a one year low of $16.96 and a one year high of $23.83. The firm has a 50 day simple moving average of $22.22 and a two-hundred day simple moving average of $21.95.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $327.24 million for the quarter, compared to the consensus estimate of $326.43 million. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The business's revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. On average, analysts predict that Antero Midstream Corporation will post 1.09 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, July 29th. Antero Midstream's dividend payout ratio is 107.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AM shares. The Goldman Sachs Group set a $24.00 price target on shares of Antero Midstream in a research note on Tuesday, July 14th. Wells Fargo & Company increased their price target on Antero Midstream from $23.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday, August 3rd. Finally, Weiss Ratings downgraded Antero Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Antero Midstream has an average rating of "Hold" and a consensus target price of $24.50.

Antero Midstream Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company's core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.

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