Boston Trust Walden Corp Buys 100,293 Shares of Antero Midstream Corporation $AM

Key Points

• Boston Trust Walden increased its Antero Midstream stake by 2.9%, buying 100,293 shares in the third quarter and bringing its holdings to 3,551,511 shares, valued at about $71.6 million.
• Antero Midstream’s latest quarterly results fell short of forecasts: EPS was $0.28 versus $0.30 expected, and revenue was $327 million versus $340.6 million expected, though revenue grew 10.9% year over year.
• The company declared a quarterly dividend of $0.225 per share, equivalent to an annualized yield of about 4.5%; analysts’ consensus rating was “Hold,” with an average price target of $24.40.

Boston Trust Walden Corp increased its stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,551,511 shares of the pipeline company's stock after purchasing an additional 100,293 shares during the quarter. Boston Trust Walden Corp owned 0.75% of Antero Midstream worth $71,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Continuum Advisory LLC acquired a new stake in Antero Midstream in the 2nd quarter valued at about $25,000. Clearstead Trust LLC purchased a new position in shares of Antero Midstream in the 2nd quarter valued at about $30,000. Eastern Bank boosted its stake in shares of Antero Midstream by 428.8% in the 3rd quarter. Eastern Bank now owns 1,375 shares of the pipeline company's stock valued at $28,000 after buying an additional 1,115 shares during the period. Ancora Advisors LLC acquired a new position in shares of Antero Midstream during the second quarter worth about $38,000. Finally, Root Financial Partners LLC acquired a new position in shares of Antero Midstream during the third quarter worth about $39,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Down 5.4%

Shares of NYSE:AM opened at $19.82 on Thursday. The company has a market capitalization of $9.36 billion, a PE ratio of 13.96 and a beta of 0.71. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.42. Antero Midstream Corporation has a twelve month low of $17.11 and a twelve month high of $23.83. The firm has a 50 day simple moving average of $21.26 and a 200-day simple moving average of $21.59.

Antero Midstream (NYSE:AM - Get Free Report) last issued its earnings results on Wednesday, October 28th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $327.02 million during the quarter, compared to analyst estimates of $340.62 million. Antero Midstream had a net margin of 53.45% and a return on equity of 33.53%. The company's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 EPS. On average, equities analysts predict that Antero Midstream Corporation will post 1.40 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 11th. Investors of record on Wednesday, October 28th will be given a $0.2250 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $0.90 dividend on an annualized basis and a yield of 4.5%. Antero Midstream's payout ratio is 63.38%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AM. Zacks Research lowered shares of Antero Midstream from a "hold" rating to a "strong sell" rating in a research note on Monday, October 19th. The Goldman Sachs Group set a $24.00 target price on shares of Antero Midstream in a report on Tuesday, July 14th. Capital One Financial upgraded shares of Antero Midstream from an "equal weight" rating to an "overweight" rating and set a $25.00 price target for the company in a research note on Tuesday, September 22nd. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Saturday, October 31st. Finally, Weiss Ratings upgraded shares of Antero Midstream from a "buy (b)" rating to a "buy (a-)" rating in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $24.40.

Antero Midstream Company Profile

Antero Midstream Corporation NYSE: AM owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company's services include gathering and compression, water handling and other infrastructure activities that help producers transport hydrocarbons from well sites to processing and takeaway facilities.

Antero Midstream primarily serves Antero Resources' operations in the Appalachian Basin, particularly in West Virginia and Ohio.

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