Edgestream Partners L.P. Boosts Position in Antero Midstream Corporation (NYSE:AM)

Edgestream Partners L.P. increased its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 119.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,654 shares of the pipeline company's stock after purchasing an additional 154,089 shares during the period. Edgestream Partners L.P. owned 0.06% of Antero Midstream worth $5,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in shares of Antero Midstream in the 4th quarter worth $486,000. Raymond James Financial Inc. purchased a new stake in shares of Antero Midstream in the 4th quarter worth approximately $5,722,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Antero Midstream by 5.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,584 shares of the pipeline company's stock worth $1,488,000 after purchasing an additional 5,155 shares during the period. HighTower Advisors LLC raised its stake in shares of Antero Midstream by 4.5% during the 4th quarter. HighTower Advisors LLC now owns 52,346 shares of the pipeline company's stock worth $790,000 after acquiring an additional 2,244 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Antero Midstream by 0.8% during the 4th quarter. Swiss National Bank now owns 709,900 shares of the pipeline company's stock worth $10,712,000 after acquiring an additional 5,400 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Trading Up 1.9%

AM stock traded up $0.34 during trading on Friday, reaching $17.99. 2,664,032 shares of the stock were exchanged, compared to its average volume of 2,980,812. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.49. The business has a 50 day moving average price of $18.36 and a 200-day moving average price of $17.25. Antero Midstream Corporation has a 1 year low of $13.12 and a 1 year high of $19.09. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 20.68 and a beta of 1.01.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The business had revenue of $291.13 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. On average, research analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.00%. The ex-dividend date is Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the sale, the director owned 73,645 shares in the company, valued at approximately $1,390,417.60. The trade was a 6.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Morgan Stanley reiterated 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.

Antero Midstream Company 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.