BlackRock Inc. Makes New $869.04 Million Investment in Antero Midstream Corporation $AM

Key Points

• BlackRock acquired 38.2 million Antero Midstream shares worth approximately $869 million, giving it an 8.05% stake. Institutional investors and hedge funds collectively own 53.97% of the company.
• Antero Midstream reported quarterly EPS of $0.27, matching estimates, while revenue increased 7.1% year over year to $327.24 million. The company also maintains a quarterly dividend of $0.225, equivalent to a 4.1% annual yield.
• Wall Street remains cautious, with one analyst rating the stock Buy and five assigning Hold ratings; the consensus price target is $24.50 versus a recent share price of $22.17.

BlackRock Inc. acquired a new stake in Antero Midstream Corporation (NYSE:AM - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 38,199,783 shares of the pipeline company's stock, valued at approximately $869,045,000. BlackRock Inc. owned about 8.05% of Antero Midstream as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in Antero Midstream by 41.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 733,861 shares of the pipeline company's stock valued at $13,056,000 after purchasing an additional 216,416 shares in the last quarter. Kesler Norman & Wride LLC acquired a new stake in shares of Antero Midstream in the 4th quarter valued at about $939,000. Cetera Investment Advisers grew its stake in shares of Antero Midstream by 9.9% in the 1st quarter. Cetera Investment Advisers now owns 867,200 shares of the pipeline company's stock valued at $19,772,000 after buying an additional 77,936 shares during the period. BNP Paribas Financial Markets increased its position in Antero Midstream by 19.0% in the 4th quarter. BNP Paribas Financial Markets now owns 1,592,910 shares of the pipeline company's stock valued at $28,338,000 after buying an additional 254,088 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Antero Midstream in the 1st quarter valued at about $2,189,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Price Performance

Shares of NYSE AM opened at $22.17 on Friday. Antero Midstream Corporation has a 1-year low of $16.96 and a 1-year high of $23.83. The stock has a fifty day simple moving average of $22.22 and a two-hundred day simple moving average of $21.92. The firm has a market cap of $10.52 billion, a price-to-earnings ratio of 26.39 and a beta of 0.65. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83.

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

Antero Midstream Announces Dividend

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

Insiders Place Their Bets

In related news, insider Sheri Pearce sold 16,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total transaction of $352,160.00. Following the transaction, the insider directly owned 83,900 shares in the company, valued at $1,846,639. This trade represents a 16.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brooks J. Klimley sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total transaction of $106,350.00. Following the completion of the transaction, the director owned 68,204 shares in the company, valued at $1,450,699.08. This represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AM has been the topic of a number of research reports. Weiss Ratings lowered Antero Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research report on Monday, August 3rd. The Goldman Sachs Group set a $24.00 price target on shares of Antero Midstream in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company boosted their price target on shares of Antero Midstream from $23.00 to $24.00 and gave the company an "equal weight" 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 stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $24.50.

Trending Headlines about 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.

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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