Deutsche Bank AG Has $3.96 Million Stock Position in Antero Midstream Corporation $AM

Deutsche Bank AG boosted its stake in Antero Midstream Corporation (NYSE:AM - Free Report) by 20.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,923 shares of the pipeline company's stock after acquiring an additional 37,315 shares during the period. Deutsche Bank AG's holdings in Antero Midstream were worth $3,959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AM. Envestnet Asset Management Inc. raised its holdings in shares of Antero Midstream by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 492,735 shares of the pipeline company's stock worth $7,435,000 after purchasing an additional 2,649 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Antero Midstream by 11.1% during the fourth quarter. Russell Investments Group Ltd. now owns 23,184 shares of the pipeline company's stock worth $350,000 after purchasing an additional 2,309 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Antero Midstream during the fourth quarter worth $5,722,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Antero Midstream during the fourth quarter worth $941,000. Finally, Mariner LLC raised its holdings in shares of Antero Midstream by 28.8% during the fourth quarter. Mariner LLC now owns 105,514 shares of the pipeline company's stock worth $1,592,000 after purchasing an additional 23,577 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Sheri Pearce sold 39,155 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the completion of the transaction, the insider owned 106,489 shares in the company, valued at approximately $1,864,622.39. This trade represents a 26.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brooks J. Klimley sold 5,000 shares of the firm's 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 transaction, the director owned 73,645 shares of the company's stock, valued at approximately $1,390,417.60. This trade represents a 6.36% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AM. The Goldman Sachs Group increased their price objective on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a "neutral" rating in a report on Monday. Morgan Stanley raised their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. Wells Fargo & Company raised their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Antero Midstream currently has a consensus rating of "Reduce" and an average target price of $18.50.

Antero Midstream Price Performance

AM traded up $0.0550 on Friday, reaching $17.7650. The company had a trading volume of 355,286 shares, compared to its average volume of 3,108,105. The company has a fifty day moving average of $17.96 and a 200-day moving average of $17.55. The company has a market capitalization of $8.50 billion, a P/E ratio of 18.69 and a beta of 0.97. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. Antero Midstream Corporation has a one year low of $14.06 and a one year high of $19.08.

Antero Midstream (NYSE:AM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $305.47 million during the quarter, compared to analyst estimates of $292.70 million. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. Antero Midstream's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. Antero Midstream's dividend payout ratio (DPR) is 94.74%.

About Antero Midstream

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.