466,761 Shares in Antero Midstream Corporation $AM Bought by Jump Financial LLC

Key Points

• Jump Financial LLC acquired 466,761 shares of Antero Midstream Corporation, valued at approximately $8,402,000, representing 0.10% ownership of the company.
• Institutional investors and hedge funds collectively own 53.97% of Antero Midstream, with notable increases from several funds such as UMB Bank and Brooklyn Investment Group.
• Antero Midstream recently announced a quarterly dividend of $0.225, which translates to an annual yield of 5.1%, and its latest earnings report exceeded expectations with a revenue of $305.47 million.

Jump Financial LLC bought a new stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 466,761 shares of the pipeline company's stock, valued at approximately $8,402,000. Jump Financial LLC owned approximately 0.10% of Antero Midstream at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in Antero Midstream by 2.0% during the first quarter. Invesco Ltd. now owns 30,631,765 shares of the pipeline company's stock valued at $551,372,000 after buying an additional 586,966 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in shares of Antero Midstream by 31.7% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company's stock worth $167,614,000 after purchasing an additional 2,242,283 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Antero Midstream by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 9,147,525 shares of the pipeline company's stock worth $164,653,000 after purchasing an additional 34,596 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Antero Midstream by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 5,991,546 shares of the pipeline company's stock worth $107,848,000 after purchasing an additional 295,432 shares during the period. Finally, Northern Trust Corp increased its stake 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 worth $61,950,000 after purchasing an additional 753,939 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Price Performance

AM traded down $0.06 during trading on Friday, hitting $17.79. 370,465 shares of the stock traded hands, compared to its average volume of 3,072,773. Antero Midstream Corporation has a twelve month low of $14.06 and a twelve month high of $19.08. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 18.72 and a beta of 0.97. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day moving average price of $17.92 and a 200 day moving average price of $17.61.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $305.47 million during 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 period in the prior year, the business earned $0.23 earnings per share. Equities research analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. Antero Midstream's payout ratio is currently 94.74%.

Insider Buying and Selling at Antero Midstream

In related news, insider Sheri Pearce sold 39,155 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total value of $685,604.05. Following the sale, the insider owned 106,489 shares of the company's stock, valued at $1,864,622.39. The trade was a 26.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price target on Antero Midstream from $17.00 to $19.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Zacks Research raised Antero Midstream from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Wells Fargo & Company increased their price target on Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group boosted their target price on Antero Midstream from $15.50 to $17.50 and gave the company a "neutral" rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Antero Midstream currently has an average rating of "Hold" and a consensus target price of $18.50.

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.