Boston Trust Walden Corp Makes New $51.27 Million Investment in Antero Midstream Corporation (NYSE:AM)

Boston Trust Walden Corp purchased a new position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,848,303 shares of the pipeline company's stock, valued at approximately $51,269,000. Boston Trust Walden Corp owned about 0.60% of Antero Midstream as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased its position in shares of Antero Midstream by 170.8% in the 1st quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after acquiring an additional 2,188 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Antero Midstream by 20.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after acquiring an additional 963 shares during the period. Blue Trust Inc. increased its holdings in shares of Antero Midstream by 84.3% in the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after purchasing an additional 2,612 shares during the period. Allworth Financial LP increased its holdings in shares of Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after purchasing an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Antero Midstream in the fourth quarter valued at about $119,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Analysts Set New Price Targets

AM has been the topic of a number of research reports. Morgan Stanley reissued an "underweight" rating and issued a $17.00 price objective (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the sale, the director now directly owns 73,645 shares of the company's stock, valued at $1,390,417.60. This trade represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

Antero Midstream Stock Performance

Shares of AM stock traded up $0.22 during mid-day trading on Friday, reaching $18.35. The stock had a trading volume of 4,260,618 shares, compared to its average volume of 2,951,218. The business's fifty day moving average is $17.96 and its 200-day moving average is $16.84. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.49. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 21.10 and a beta of 1.03. Antero Midstream Corporation has a 1-year low of $13.12 and a 1-year high of $19.09.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a return on equity of 19.75% and a net margin of 37.35%. Antero Midstream's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. On average, research analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is 103.45%.

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.