Horizon Investments LLC Has $3.92 Million Stock Holdings in Antero Midstream Corporation $AM

Key Points

• Horizon Investments LLC increased its stake in Antero Midstream (NYSE: AM) by 26.7% in Q4 to 223,112 shares, worth about $3.92 million.
• Antero declared a quarterly dividend of $0.225 (annualized $0.90) implying a yield of 4.1%, but the dividend payout ratio is a high 104.65%, which could raise sustainability concerns.
• Analyst activity is mixed—several firms raised targets (e.g., Morgan Stanley to $26), yet the MarketBeat consensus rating is a Hold with a consensus target price of $24.

Horizon Investments LLC grew its stake in Antero Midstream Corporation (NYSE:AM - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 223,112 shares of the pipeline company's stock after buying an additional 46,963 shares during the period. Horizon Investments LLC's holdings in Antero Midstream were worth $3,922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AM. Richardson Financial Services Inc. increased its stake in shares of Antero Midstream by 330.2% in the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company's stock valued at $25,000 after buying an additional 994 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Antero Midstream in the third quarter valued at about $25,000. Elevation Wealth Partners LLC acquired a new stake in shares of Antero Midstream in the fourth quarter valued at about $27,000. Quent Capital LLC acquired a new stake in shares of Antero Midstream in the third quarter valued at about $28,000. Finally, Global Retirement Partners LLC increased its stake in shares of Antero Midstream by 33.3% in the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company's stock valued at $44,000 after buying an additional 565 shares during the period. Institutional investors and hedge funds own 53.97% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AM. Morgan Stanley raised Antero Midstream from an "underweight" rating to an "equal weight" rating and set a $26.00 price target for the company in a research note on Wednesday, April 22nd. UBS Group upped their target price on Antero Midstream from $22.00 to $24.00 and gave the company a "neutral" rating in a research report on Wednesday, March 25th. Weiss Ratings upgraded Antero Midstream from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Friday, March 6th. Wells Fargo & Company upped their target price on Antero Midstream from $21.00 to $23.00 and gave the company an "equal weight" rating in a research report on Friday, March 13th. Finally, Zacks Research lowered Antero Midstream from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $24.00.

Antero Midstream Stock Up 0.2%

Shares of Antero Midstream stock opened at $21.74 on Monday. Antero Midstream Corporation has a one year low of $16.77 and a one year high of $23.83. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.99 and a quick ratio of 0.99. The stock's 50-day moving average is $22.36 and its 200 day moving average is $19.70. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 25.27 and a beta of 0.68.

Antero Midstream (NYSE:AM - Get Free Report) last announced its earnings results on Wednesday, April 29th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Antero Midstream had a net margin of 33.90% and a return on equity of 20.38%. The business had revenue of $314.21 million for the quarter, compared to the consensus estimate of $311.30 million. During the same quarter in the previous year, the company earned $0.25 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts anticipate that Antero Midstream Corporation will post 1.13 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Wednesday, April 29th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, April 29th. This represents a $0.90 annualized dividend and a yield of 4.1%. Antero Midstream's dividend payout ratio is presently 104.65%.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 14,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total value of $318,640.00. Following the transaction, the insider owned 99,900 shares in the company, valued at approximately $2,273,724. This represents a 12.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $23.16, for a total value of $115,800.00. Following the completion of the transaction, the director owned 69,680 shares in the company, valued at approximately $1,613,788.80. The trade was a 6.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 44,000 shares of company stock worth $1,004,690. Corporate insiders own 0.86% of the company's stock.

Antero Midstream Company Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company's core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.

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