Antero Midstream Corporation (NYSE:AM) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 531.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 52,035 shares of the pipeline company's stock after purchasing an additional 43,793 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Antero Midstream were worth $936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Transce3nd LLC bought a new stake in Antero Midstream during the 1st quarter worth approximately $29,000. UMB Bank n.a. increased its stake in shares of Antero Midstream by 170.8% in the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock worth $62,000 after purchasing an additional 2,188 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after buying an additional 963 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Antero Midstream during the 4th quarter valued at $119,000. Finally, GAMMA Investing LLC boosted its holdings in Antero Midstream by 34.0% in the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock worth $154,000 after buying an additional 2,165 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the transaction, the director directly owned 73,645 shares of the company's stock, valued at $1,390,417.60. The trade was a 6.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by insiders.

Antero Midstream Stock Up 1.0%

Shares of AM stock traded up $0.18 during mid-day trading on Friday, hitting $18.53. 4,249,913 shares of the stock traded hands, compared to its average volume of 2,706,692. The stock's fifty day moving average is $18.10 and its two-hundred day moving average is $17.37. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.42. Antero Midstream Corporation has a 52-week low of $13.12 and a 52-week high of $19.08. The stock has a market cap of $8.88 billion, a P/E ratio of 19.51 and a beta of 1.01.

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

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.9%. Antero Midstream's dividend payout ratio (DPR) is presently 94.74%.

Wall Street Analysts Forecast Growth

AM has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Morgan Stanley reissued an "underweight" rating and set a $17.00 price target (up from $16.00) on shares of Antero Midstream in a research note on Tuesday, June 3rd.

Antero Midstream 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.