2,848,303 Shares in Antero Midstream Corporation (NYSE:AM) Purchased by Boston Trust Walden Corp

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

A number of other hedge funds have also made changes to their positions in AM. UMB Bank n.a. grew its position in shares of Antero Midstream by 170.8% during the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock worth $62,000 after buying an additional 2,188 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after purchasing an additional 963 shares during the last quarter. Blue Trust Inc. lifted its stake in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after purchasing an additional 2,612 shares during the last quarter. Allworth Financial LP lifted its stake in Antero Midstream by 17.8% during the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after purchasing an additional 951 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in Antero Midstream during the fourth quarter worth $119,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated Wednesday, May 28th. The shares were 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 in the company, valued at $1,390,417.60. The trade was a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

Antero Midstream Stock Performance

AM stock traded up $0.22 during mid-day trading on Friday, reaching $18.35. The company had a trading volume of 4,260,618 shares, compared to its average volume of 2,955,191. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $8.80 billion, a P/E ratio of 21.10 and a beta of 1.03. Antero Midstream Corporation has a one year low of $13.12 and a one year high of $19.09. The stock's 50-day simple moving average is $17.96 and its two-hundred day simple moving average is $16.83.

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

Antero Midstream Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on AM. Morgan Stanley restated an "underweight" rating and set a $17.00 price objective (up from $16.00) on shares of Antero Midstream in a research note on Tuesday, June 3rd. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

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.