Farther Finance Advisors LLC Purchases 46,657 Shares of Antero Midstream Corporation $AM

Key Points

• Farther Finance Advisors LLC increased its stake in Antero Midstream Corporation by 40.7%, acquiring an additional 46,657 shares during the second quarter, raising its total holdings to 161,201 shares valued at $3,055,000.
• Antero Midstream reported $0.26 earnings per share for the recent quarter, beating expectations, with revenue of $305.47 million, indicating a 13.2% year-over-year increase.
• The company announced a quarterly dividend of $0.225 per share, which translates to an annualized dividend yield of 4.8% with a payout ratio of 94.74%.

Farther Finance Advisors LLC increased its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 40.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,201 shares of the pipeline company's stock after acquiring an additional 46,657 shares during the quarter. Farther Finance Advisors LLC's holdings in Antero Midstream were worth $3,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AM. Two Sigma Advisers LP raised its stake in Antero Midstream by 19.2% during the fourth quarter. Two Sigma Advisers LP now owns 318,000 shares of the pipeline company's stock worth $4,799,000 after acquiring an additional 51,300 shares in the last quarter. Two Sigma Investments LP grew its stake in Antero Midstream by 86.2% during the fourth quarter. Two Sigma Investments LP now owns 185,053 shares of the pipeline company's stock valued at $2,792,000 after acquiring an additional 85,653 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Antero Midstream by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 902,747 shares of the pipeline company's stock valued at $13,622,000 after buying an additional 32,713 shares in the last quarter. Forum Financial Management LP raised its position in Antero Midstream by 23.0% during the 4th quarter. Forum Financial Management LP now owns 18,833 shares of the pipeline company's stock valued at $284,000 after purchasing an additional 3,519 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in Antero Midstream in the fourth quarter worth about $756,000. 53.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on AM shares. Wells Fargo & Company lifted 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. The Goldman Sachs Group lifted their target price on Antero Midstream from $15.50 to $17.50 and gave the company a "neutral" rating in a research note on Monday, August 18th. Zacks Research raised Antero Midstream from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Morgan Stanley upped their target price on Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Antero Midstream currently has a consensus rating of "Hold" and an average target price 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 on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.86% of the company's stock.

Antero Midstream Stock Performance

Shares of AM traded up $0.21 during mid-day trading on Monday, reaching $18.77. 1,605,118 shares of the company's stock traded hands, compared to its average volume of 2,408,328. The stock has a market capitalization of $8.98 billion, a P/E ratio of 19.75 and a beta of 0.92. Antero Midstream Corporation has a 12 month low of $14.22 and a 12 month high of $19.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03. The business's 50-day moving average price is $17.94 and its 200-day moving average price is $17.83.

Antero Midstream (NYSE:AM - Get Free Report) last posted 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. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The business had revenue of $305.47 million for the quarter, compared to analyst estimates of $292.70 million. During the same period last year, the business posted $0.23 EPS. Antero Midstream's revenue was up 13.2% compared to the same quarter last year. Equities analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, July 23rd. Antero Midstream's payout ratio is 94.74%.

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.