Antero Midstream Corporation $AM Position Raised by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its holdings in Antero Midstream Corporation by 0.4%, owning approximately 9.15 million shares valued at $164.65 million as of its latest SEC filing.
• Several institutional investors, including Boston Trust Walden Corp and SIR Capital Management L.P., have made significant investments in Antero Midstream, collectively owning about 53.97% of the company's stock.
• Antero Midstream has experienced price target increases from analysts, with Morgan Stanley and Wells Fargo raising their targets to $19, while the stock has recently reached a market cap of $8.33 billion.

Dimensional Fund Advisors LP lifted its stake in Antero Midstream Corporation (NYSE:AM - Free Report) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,147,525 shares of the pipeline company's stock after buying an additional 34,596 shares during the period. Dimensional Fund Advisors LP owned approximately 1.91% of Antero Midstream worth $164,653,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hancock Whitney Corp lifted its position in Antero Midstream by 1.5% during the 4th quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company's stock worth $650,000 after acquiring an additional 624 shares in the last quarter. CWM LLC raised its stake in shares of Antero Midstream by 7.1% during the first quarter. CWM LLC now owns 9,472 shares of the pipeline company's stock valued at $170,000 after purchasing an additional 629 shares during the period. Private Advisor Group LLC lifted its position in shares of Antero Midstream by 1.6% during the first quarter. Private Advisor Group LLC now owns 40,726 shares of the pipeline company's stock worth $733,000 after purchasing an additional 640 shares in the last quarter. Commerce Bank lifted its position in shares of Antero Midstream by 5.0% during the first quarter. Commerce Bank now owns 16,739 shares of the pipeline company's stock worth $301,000 after purchasing an additional 800 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Antero Midstream by 0.4% in the first quarter. State of Alaska Department of Revenue now owns 194,907 shares of the pipeline company's stock valued at $3,507,000 after purchasing an additional 845 shares during the period. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on AM. Morgan Stanley lifted their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Wells Fargo & Company boosted their price target on Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. The Goldman Sachs Group increased their price target on Antero Midstream from $15.50 to $17.50 and gave the company a "neutral" rating in a report on Monday, August 18th. Finally, Zacks Research raised Antero Midstream from a "hold" rating to a "strong-buy" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $18.50.

Insider Activity

In other Antero Midstream news, 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 value of $94,400.00. Following the transaction, the director owned 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sheri Pearce sold 39,155 shares of Antero Midstream stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total value of $685,604.05. Following the completion of the transaction, the insider owned 106,489 shares of the company's stock, valued at approximately $1,864,622.39. The trade was a 26.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company's stock.

Antero Midstream Stock Performance

Shares of AM traded down $0.11 during mid-day trading on Monday, hitting $17.59. The stock had a trading volume of 1,587,205 shares, compared to its average volume of 2,980,271. Antero Midstream Corporation has a fifty-two week low of $14.06 and a fifty-two week high of $19.08. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. The company has a market cap of $8.42 billion, a PE ratio of 18.52 and a beta of 0.97. The company's fifty day simple moving average is $17.94 and its two-hundred day simple moving average is $17.59.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $305.47 million for the quarter, compared to analysts' expectations of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.23 earnings per share. On average, equities analysts expect that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 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.