Antero Midstream Corporation (NYSE:AM) Shares Purchased by Columbus Macro LLC

Columbus Macro LLC increased its stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 496,194 shares of the pipeline company's stock after buying an additional 33,822 shares during the quarter. Antero Midstream comprises 1.2% of Columbus Macro LLC's holdings, making the stock its 16th largest position. Columbus Macro LLC owned 0.10% of Antero Midstream worth $8,931,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hennessy Advisors Inc. increased its holdings in shares of Antero Midstream by 1.8% during the 1st quarter. Hennessy Advisors Inc. now owns 343,840 shares of the pipeline company's stock worth $6,189,000 after buying an additional 5,940 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Antero Midstream by 102.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,356 shares of the pipeline company's stock worth $852,000 after acquiring an additional 23,922 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in Antero Midstream by 46.7% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 173,020 shares of the pipeline company's stock worth $3,114,000 after acquiring an additional 55,085 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Antero Midstream by 34.0% in the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock valued at $154,000 after purchasing an additional 2,165 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of Antero Midstream in the 1st quarter valued at $187,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Trading Up 0.2%

Shares of AM stock traded up $0.04 on Thursday, hitting $18.13. The stock had a trading volume of 2,725,855 shares, compared to its average volume of 2,943,803. The company's 50 day moving average price is $17.87 and its 200-day moving average price is $16.79. Antero Midstream Corporation has a 1 year low of $13.12 and a 1 year high of $19.09. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $8.69 billion, a P/E ratio of 20.84 and a beta of 1.03.

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

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.96%. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction on 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 owns 73,645 shares of the company's stock, valued at approximately $1,390,417.60. This 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 can be accessed through the SEC website. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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