Boston Trust Walden Corp Increases Stake in Antero Midstream Corporation $AM

Key Points

• Boston Trust Walden Corp increased its stake in Antero Midstream Corporation by 24.4%, acquiring an additional 695,233 shares, bringing its total ownership to 3,543,536 shares valued at approximately $67.15 million.
• Wall Street analysts have provided mixed ratings for Antero Midstream, with target price increases from Morgan Stanley and Goldman Sachs, while Zacks downgraded the company to a "hold" rating.
• Antero Midstream announced a quarterly dividend of $0.225 per share, reflecting a 4.9% dividend yield, with the payout ratio currently at 94.74%.

Boston Trust Walden Corp grew its stake in Antero Midstream Corporation (NYSE:AM - Free Report) by 24.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,543,536 shares of the pipeline company's stock after buying an additional 695,233 shares during the quarter. Boston Trust Walden Corp owned 0.74% of Antero Midstream worth $67,150,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Antero Midstream in the 1st quarter valued at about $529,000. Sequoia Financial Advisors LLC boosted its stake in shares of Antero Midstream by 6.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,034 shares of the pipeline company's stock valued at $289,000 after buying an additional 975 shares during the period. Silver Oak Securities Incorporated purchased a new position in shares of Antero Midstream in the 1st quarter valued at about $459,000. KBC Group NV boosted its stake in shares of Antero Midstream by 18.5% in the 1st quarter. KBC Group NV now owns 17,628 shares of the pipeline company's stock valued at $317,000 after buying an additional 2,757 shares during the period. Finally, Diversified Trust Co purchased a new stake in Antero Midstream during the first quarter worth approximately $495,000. Hedge funds and other institutional investors own 53.97% of the company's stock.

Wall Street Analysts Forecast Growth

AM has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on Antero Midstream from $17.00 to $19.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. The Goldman Sachs Group upped their price target on Antero Midstream from $15.50 to $17.50 and gave the company a "neutral" rating in a report on Monday, August 18th. Zacks Research downgraded Antero Midstream from a "strong-buy" rating to a "hold" rating in a report on Friday, September 19th. Wells Fargo & Company upped their price target on Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $18.50.

Antero Midstream Trading Down 0.2%

AM opened at $18.38 on Tuesday. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 19.34 and a beta of 0.85. Antero Midstream Corporation has a 52 week low of $14.22 and a 52 week high of $19.82. The business's 50 day moving average is $18.44 and its two-hundred day moving average is $18.01. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45.

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

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.9%. Antero Midstream's payout ratio is presently 94.74%.

Insider Activity

In other news, insider Sheri Pearce sold 39,155 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total value of $685,604.05. Following the transaction, the insider owned 106,489 shares of the company's stock, valued at approximately $1,864,622.39. The trade was a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.86% of the company's stock.

Antero Midstream 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.

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