Financiere des Professionnels Fonds d investissement inc. Acquires Shares of 17,283 Antero Midstream Corporation $AM

Key Points

• Financiere des Professionnels Fonds d investissement inc. has acquired a new stake in Antero Midstream Corporation, purchasing 17,283 shares valued at approximately $328,000 in the 2nd quarter.
• Several hedge funds have increased their positions in Antero Midstream, with Ameriprise Financial raising its stake by 19.1%, and State of Wyoming increasing theirs by an impressive 414.6% in the 4th quarter.
• Antero Midstream announced a quarterly dividend of $0.225 per share, representing a 4.9% yield, alongside a positive earnings report that showed a net margin of 39.53%.

Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 17,283 shares of the pipeline company's stock, valued at approximately $328,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in Antero Midstream by 4.8% during the 2nd quarter. Parallel Advisors LLC now owns 23,620 shares of the pipeline company's stock valued at $448,000 after acquiring an additional 1,072 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Antero Midstream by 37.8% during the 1st quarter. Voya Investment Management LLC now owns 396,672 shares of the pipeline company's stock worth $7,140,000 after purchasing an additional 108,739 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Antero Midstream during the 1st quarter worth about $3,121,000. SCS Capital Management LLC acquired a new stake in shares of Antero Midstream during the 1st quarter worth about $251,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Antero Midstream by 4.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company's stock worth $17,029,000 after purchasing an additional 43,335 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Antero Midstream

In related news, insider Sheri Pearce sold 39,155 shares of the stock in a transaction dated 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 in the company, valued at $1,864,622.39. This represents a 26.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by corporate insiders.

Antero Midstream Stock Performance

AM stock traded down $0.05 during trading on Friday, hitting $18.57. 7,260,613 shares of the company's stock traded hands, compared to its average volume of 2,163,338. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. Antero Midstream Corporation has a 52 week low of $14.22 and a 52 week high of $19.08. The stock has a fifty day moving average price of $17.92 and a two-hundred day moving average price of $17.81. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 19.55 and a beta of 0.92.

Antero Midstream (NYSE:AM - Get Free Report) last released its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $305.47 million during the quarter, compared to analyst estimates of $292.70 million. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. As a group, equities analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley raised 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. The Goldman Sachs Group raised their price target on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a "neutral" rating in a research note on Monday, August 18th. Wells Fargo & Company raised their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Zacks Research raised shares of Antero Midstream from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Finally, Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One 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. Based on data from MarketBeat.com, Antero Midstream currently has a consensus rating of "Hold" and an average price target of $18.50.

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.