Kapitalo Investimentos Ltda Makes New Investment in Antero Midstream Corporation $AM

Key Points

• Kapitalo Investimentos Ltda acquired 20,047 shares of Antero Midstream Corporation in the 2nd quarter, valued at approximately $380,000.
• Shares of Antero Midstream opened at $18.57 and the company recently reported a quarterly earnings of $0.26 per share, exceeding analyst estimates.
• Antero Midstream announced a quarterly dividend of $0.225, translating to an annualized dividend yield of 4.8%.

Kapitalo Investimentos Ltda acquired a new stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,047 shares of the pipeline company's stock, valued at approximately $380,000.

Other institutional investors have also modified their holdings of the company. Sprinkle Financial Consultants LLC acquired a new stake in Antero Midstream in the 2nd quarter valued at about $269,000. Farther Finance Advisors LLC boosted its holdings in Antero Midstream by 40.7% in the second quarter. Farther Finance Advisors LLC now owns 161,201 shares of the pipeline company's stock valued at $3,055,000 after purchasing an additional 46,657 shares during the last quarter. Silver Oak Securities Incorporated raised its position in shares of Antero Midstream by 11.0% during the 2nd quarter. Silver Oak Securities Incorporated now owns 28,394 shares of the pipeline company's stock valued at $538,000 after acquiring an additional 2,817 shares in the last quarter. Miller Howard Investments Inc. NY grew its stake in Antero Midstream by 11.2% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 1,925,498 shares of the pipeline company's stock worth $36,488,000 after buying an additional 194,282 shares during the last quarter. Finally, Diversified Trust Co grew its stake in shares of Antero Midstream by 36.3% in the second quarter. Diversified Trust Co now owns 37,472 shares of the pipeline company's stock worth $710,000 after purchasing an additional 9,982 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Insider Activity

In related news, insider Sheri Pearce sold 39,155 shares of the firm's stock in a transaction that occurred 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 transaction, the insider owned 106,489 shares of the company's stock, 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 filing with the SEC, which can be accessed through this link. 0.86% of the stock is currently owned by company insiders.

Antero Midstream Price Performance

Shares of Antero Midstream stock opened at $18.57 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. The firm has a market cap of $8.89 billion, a PE ratio of 19.55 and a beta of 0.92. The company's fifty day simple moving average is $17.92 and its two-hundred day simple moving average is $17.82. Antero Midstream Corporation has a 12-month low of $14.22 and a 12-month high of $19.08.

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

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a $0.225 dividend. The ex-dividend date was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a yield of 4.8%. Antero Midstream's dividend payout ratio (DPR) is currently 94.74%.

Wall Street Analyst Weigh In

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

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