Hsbc Holdings PLC Acquires 28,036 Shares of Antero Midstream Corporation $AM

Key Points

• Hsbc Holdings PLC increased its stake in Antero Midstream Corporation by 33.0%, owning 113,099 shares valued at approximately $2.03 million as of the end of the first quarter.
• In its most recent earnings report, Antero Midstream posted an EPS of $0.26, beating estimates of $0.24, with a revenue of $305.47 million, reflecting a year-over-year growth of 13.2%.
• The company announced a quarterly dividend of $0.225, yielding 5.1% annually, with a payout ratio of 94.74%.

Hsbc Holdings PLC boosted its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 33.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,099 shares of the pipeline company's stock after purchasing an additional 28,036 shares during the period. Hsbc Holdings PLC's holdings in Antero Midstream were worth $2,031,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Transce3nd LLC bought a new position in Antero Midstream during the 1st quarter worth about $29,000. UMB Bank n.a. increased its holdings in Antero Midstream by 170.8% during the 1st 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. Brooklyn Investment Group increased its holdings in Antero Midstream by 41.2% during the 1st quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company's stock worth $82,000 after purchasing an additional 1,328 shares in the last quarter. GAMMA Investing LLC increased its holdings in Antero Midstream by 34.0% during the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock worth $154,000 after purchasing an additional 2,165 shares in the last quarter. Finally, CWM LLC increased its holdings in Antero Midstream by 7.1% during the 1st quarter. CWM LLC now owns 9,472 shares of the pipeline company's stock worth $170,000 after purchasing an additional 629 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 39,155 shares of Antero Midstream stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total transaction of $685,604.05. Following the completion of the transaction, the insider owned 106,489 shares in the company, valued at approximately $1,864,622.39. This trade represents a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.86% of the company's stock.

Antero Midstream Stock Down 0.6%

Shares of NYSE AM traded down $0.11 during mid-day trading on Tuesday, hitting $17.69. The company had a trading volume of 2,117,770 shares, compared to its average volume of 2,251,037. The company has a market capitalization of $8.46 billion, a PE ratio of 18.62 and a beta of 0.92. The firm has a 50-day simple moving average of $17.88 and a two-hundred day simple moving average of $17.65. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. Antero Midstream Corporation has a one year low of $14.06 and a one year high of $19.08.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.The business had revenue of $305.47 million during the quarter, compared to analysts' expectations of $292.70 million. During the same quarter last year, the company posted $0.23 earnings per share. Antero Midstream's quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts expect that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, July 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.1%. Antero Midstream's dividend payout ratio (DPR) is presently 94.74%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AM. The Goldman Sachs Group increased their target price on Antero Midstream from $15.50 to $17.50 and gave the stock a "neutral" rating in a report on Monday, August 18th. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Zacks Research upgraded Antero Midstream from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Wells Fargo & Company raised their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, Morgan Stanley raised their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $18.50.

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.