Dynamic Technology Lab Private Ltd Makes New $289,000 Investment in Antero Midstream Corporation $AM

Key Points

• Dynamic Technology Lab Private Ltd has made a new investment in Antero Midstream Corporation, acquiring 16,069 shares valued at approximately $289,000 in the 1st quarter of 2023.
• Antero Midstream reported **$0.26 earnings per share** for the last quarter, exceeding analysts' expectations and marking a 13.2% year-over-year revenue increase.
• The company recently announced a quarterly dividend of $0.225 per share, resulting in an annualized yield of 4.8% with a payout ratio of 94.74%.

Dynamic Technology Lab Private Ltd bought a new position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,069 shares of the pipeline company's stock, valued at approximately $289,000.

Several other large investors have also recently modified their holdings of AM. Transce3nd LLC acquired a new position in shares of Antero Midstream in the 1st quarter valued at about $29,000. UMB Bank n.a. boosted its holdings in shares of Antero Midstream by 170.8% during the 1st 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. Brooklyn Investment Group grew its position in shares of Antero Midstream by 41.2% during the 1st quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company's stock worth $82,000 after buying an additional 1,328 shares during the period. GAMMA Investing LLC increased 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 acquiring an additional 2,165 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Antero Midstream by 7.1% during the 1st quarter. CWM LLC now owns 9,472 shares of the pipeline company's stock valued at $170,000 after acquiring an additional 629 shares during the period. Institutional investors own 53.97% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AM. Wells Fargo & Company raised their target price on Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group upped their target price on Antero Midstream from $15.50 to $17.50 and gave the stock a "neutral" rating in a research report on Monday, August 18th. Morgan Stanley lifted their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Antero Midstream from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $18.50.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the business's 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 $1,864,622.39. The trade was a 26.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.86% of the company's stock.

Antero Midstream Stock Performance

Shares of AM stock traded up $0.11 during trading hours on Thursday, hitting $18.63. 2,318,655 shares of the company were exchanged, compared to its average volume of 2,178,901. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $8.91 billion, a price-to-earnings ratio of 19.61 and a beta of 0.92. The firm has a fifty day simple moving average of $17.90 and a 200 day simple moving average of $17.79. Antero Midstream Corporation has a 52-week low of $14.22 and a 52-week high of $19.08.

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 for the quarter, topping the consensus estimate of $0.24 by $0.02. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.The company had revenue of $305.47 million during the quarter, compared to analyst estimates of $292.70 million. During the same quarter last year, the firm posted $0.23 EPS. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. Research analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.8%. Antero Midstream's payout ratio 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.