37,143 Shares in Antero Midstream Corporation $AM Bought by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. made a new $669,000 investment by purchasing 37,143 shares of Antero Midstream Corporation in the first quarter.
• Analyst ratings for Antero Midstream have varied, with Goldman Sachs raising its price objective to $17.50, while others like Zacks upgraded it to a "strong-buy" rating.
• Antero Midstream recently announced a quarterly dividend of $0.225, representing an annualized yield of 5.1%, with a dividend payout ratio of 94.74%.

Landscape Capital Management L.L.C. purchased a new position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,143 shares of the pipeline company's stock, valued at approximately $669,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Antero Midstream during the first quarter worth about $529,000. Sequoia Financial Advisors LLC grew its position in shares of Antero Midstream by 6.5% in the first quarter. Sequoia Financial Advisors LLC now owns 16,034 shares of the pipeline company's stock valued at $289,000 after purchasing an additional 975 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Antero Midstream in the first quarter valued at approximately $459,000. KBC Group NV grew its position in shares of Antero Midstream by 18.5% in the first quarter. KBC Group NV now owns 17,628 shares of the pipeline company's stock valued at $317,000 after purchasing an additional 2,757 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Antero Midstream in the first quarter valued at approximately $495,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Trading Up 0.9%

Shares of AM stock traded up $0.16 on Thursday, reaching $18.02. 1,726,958 shares of the stock were exchanged, compared to its average volume of 3,064,960. The stock has a market cap of $8.62 billion, a P/E ratio of 18.96 and a beta of 0.92. 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 50 day moving average of $17.87 and a two-hundred day moving average of $17.65. Antero Midstream Corporation has a 1-year low of $14.06 and a 1-year high of $19.08.

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

Antero Midstream Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 5.0%. Antero Midstream's payout ratio is presently 94.74%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Antero Midstream

In related news, insider Sheri Pearce sold 39,155 shares of Antero Midstream stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the transaction, the insider owned 106,489 shares in the company, valued at approximately $1,864,622.39. The trade was a 26.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.86% of the company's stock.

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.