Fort Washington Investment Advisors Inc. OH Raises Stock Position in Antero Midstream Corporation (NYSE:AM)

Fort Washington Investment Advisors Inc. OH grew its position in Antero Midstream Corporation (NYSE:AM - Free Report) by 46.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,020 shares of the pipeline company's stock after acquiring an additional 55,085 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Antero Midstream were worth $3,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Antero Midstream in the 4th quarter valued at about $62,578,000. SIR Capital Management L.P. purchased a new stake in shares of Antero Midstream in the fourth quarter valued at approximately $35,058,000. Balyasny Asset Management L.P. increased its holdings in shares of Antero Midstream by 7,769.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company's stock valued at $15,513,000 after purchasing an additional 1,014,951 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Antero Midstream by 22.5% in the fourth quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock valued at $61,950,000 after purchasing an additional 753,939 shares during the last quarter. Finally, Barclays PLC lifted its position in Antero Midstream by 32.7% during the fourth quarter. Barclays PLC now owns 1,770,853 shares of the pipeline company's stock worth $26,722,000 after buying an additional 436,091 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Trading Down 0.6%

AM traded down $0.10 during trading hours on Tuesday, reaching $18.08. The company's stock had a trading volume of 2,214,856 shares, compared to its average volume of 2,939,802. The stock has a market cap of $8.66 billion, a PE ratio of 20.78 and a beta of 1.03. Antero Midstream Corporation has a fifty-two week low of $13.12 and a fifty-two week high of $19.09. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.42 and a quick ratio of 1.42. The business's 50-day moving average is $17.84 and its 200-day moving average is $16.78.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a return on equity of 19.75% and a net margin of 37.35%. The company's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. As a group, equities research analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.98%. Antero Midstream's payout ratio is currently 103.45%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AM. Morgan Stanley restated an "underweight" rating and issued a $17.00 target price (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd. Wells Fargo & Company boosted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the transaction, the director now directly owns 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

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.