Edgestream Partners L.P. Acquires 154,089 Shares of Antero Midstream Corporation (NYSE:AM)

Edgestream Partners L.P. increased its holdings in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 119.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,654 shares of the pipeline company's stock after buying 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 quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AM. UMB Bank n.a. grew its holdings in Antero Midstream by 170.8% during the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after purchasing an additional 2,188 shares during the period. TD Waterhouse Canada Inc. grew its holdings in Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after purchasing an additional 963 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Antero Midstream during the fourth quarter valued at approximately $119,000. Harvest Fund Management Co. Ltd grew its holdings in Antero Midstream by 5,787.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock valued at $124,000 after purchasing an additional 8,102 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Antero Midstream by 34.0% during the first quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock valued at $154,000 after purchasing an additional 2,165 shares during the period. 53.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AM shares. Morgan Stanley restated an "underweight" rating and set a $17.00 price objective (up previously from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the company'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 value of $94,400.00. Following the completion of the transaction, the director owned 73,645 shares in the company, valued at $1,390,417.60. This represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by company insiders.

Antero Midstream Stock Down 2.1%

Shares of NYSE AM opened at $17.55 on Wednesday. The stock has a market cap of $8.41 billion, a P/E ratio of 20.17 and a beta of 1.01. Antero Midstream Corporation has a 52-week low of $13.12 and a 52-week high of $19.09. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a 50 day moving average price of $18.37 and a 200 day moving average price of $17.21.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company 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 quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. Analysts expect that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

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.

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