Fort Washington Investment Advisors Inc. OH Increases Stake in Antero Midstream Corporation $AM

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Antero Midstream Corporation by 12.4%, holding 194,446 shares valued at $3.7 million at the end of the last quarter.
• Antero Midstream reported a quarterly EPS of $0.26, surpassing analyst estimates of $0.24, and had a revenue of $305.47 million, exceeding expectations of $292.70 million.
• The company announced a quarterly dividend of $0.225 per share, yielding about 4.6%, while insiders have engaged in stock transactions, including a notable sale by insider Sheri Pearce.

Fort Washington Investment Advisors Inc. OH grew its position in Antero Midstream Corporation (NYSE:AM - Free Report) by 12.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,446 shares of the pipeline company's stock after acquiring an additional 21,426 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in Antero Midstream were worth $3,685,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its holdings in Antero Midstream by 7.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 115,279 shares of the pipeline company's stock valued at $2,185,000 after purchasing an additional 7,764 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Antero Midstream in the 2nd quarter valued at approximately $380,000. Sprinkle Financial Consultants LLC purchased a new stake in shares of Antero Midstream in the second quarter valued at approximately $269,000. Farther Finance Advisors LLC grew its holdings in Antero Midstream by 40.7% during the second quarter. Farther Finance Advisors LLC now owns 161,201 shares of the pipeline company's stock worth $3,055,000 after acquiring an additional 46,657 shares during the period. Finally, Silver Oak Securities Incorporated grew its holdings in Antero Midstream by 11.0% during the second quarter. Silver Oak Securities Incorporated now owns 28,394 shares of the pipeline company's stock worth $538,000 after acquiring an additional 2,817 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Trading Up 0.3%

Shares of AM opened at $19.60 on Monday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. Antero Midstream Corporation has a 1-year low of $14.22 and a 1-year high of $19.82. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 20.63 and a beta of 0.92. The firm has a 50 day simple moving average of $18.08 and a 200-day simple moving average of $17.91.

Antero Midstream (NYSE:AM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $305.47 million for the quarter, compared to analysts' expectations of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.Antero Midstream's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. Equities analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is currently 94.74%.

Analyst Ratings Changes

A number of research firms have commented on AM. Zacks Research downgraded Antero Midstream from a "strong-buy" rating to a "hold" rating in a report on Friday, September 19th. Morgan Stanley upped their target price on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group lifted their price target on shares of Antero Midstream from $15.50 to $17.50 and gave the company a "neutral" rating in a research report on Monday, August 18th. Wells Fargo & Company boosted their price target on Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $18.50.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the company's 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 transaction, the insider directly owned 106,489 shares in the company, valued at approximately $1,864,622.39. This represents a 26.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.86% of the company's stock.

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.

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