Deutsche Bank AG Acquires New Stake in Antero Midstream Corporation $AM

Key Points

• Deutsche Bank acquired 211,426 shares of Antero Midstream in the second quarter, valued at approximately $4.81 million. Institutional investors collectively own 53.97% of the company.
• Antero Midstream reported quarterly EPS of $0.27, in line with estimates, while revenue rose 7.1% year over year to $327.24 million. The company also maintains a quarterly dividend of $0.225 per share, yielding about 4.1% annually.
• Analysts maintain a generally neutral view, with one Buy rating and five Holds; the stock has an average target price of $24.50 compared with its recent price near $21.92.

Deutsche Bank AG acquired a new position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 211,426 shares of the pipeline company's stock, valued at approximately $4,810,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in shares of Antero Midstream during the 2nd quarter worth about $246,000. Bank of New York Mellon Corp purchased a new stake in shares of Antero Midstream during the second quarter worth about $157,371,000. State of Wyoming acquired a new position in shares of Antero Midstream in the second quarter valued at approximately $379,000. GSA Capital Partners LLP acquired a new position in shares of Antero Midstream in the second quarter valued at approximately $293,000. Finally, Clearstead Trust LLC purchased a new position in shares of Antero Midstream during the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total value of $106,350.00. Following the transaction, the director owned 68,204 shares in the company, valued at $1,450,699.08. This trade represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sheri Pearce sold 16,000 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total transaction of $352,160.00. Following the sale, the insider directly owned 83,900 shares of the company's stock, valued at $1,846,639. This represents a 16.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company's stock.

Antero Midstream Trading Down 1.0%

NYSE AM opened at $21.92 on Wednesday. Antero Midstream Corporation has a 12 month low of $16.96 and a 12 month high of $23.83. The company has a 50-day moving average of $22.25 and a 200-day moving average of $21.99. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $10.40 billion, a P/E ratio of 26.10 and a beta of 0.65.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The business had revenue of $327.24 million for the quarter, compared to analyst estimates of $326.43 million. During the same period in the prior year, the firm posted $0.29 EPS. The company's revenue was up 7.1% on a year-over-year basis. As a group, equities analysts predict that Antero Midstream Corporation will post 1.09 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, July 29th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.90 dividend on an annualized basis and a yield of 4.1%. Antero Midstream's dividend payout ratio (DPR) is currently 107.14%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Weiss Ratings lowered Antero Midstream from a "buy (b+)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group set a $24.00 price objective on Antero Midstream in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Antero Midstream currently has an average rating of "Hold" and an average target price of $24.50.

Antero Midstream Company Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company's core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.

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