Natixis Advisors LLC Purchases 43,499 Shares of Antero Midstream Corporation (NYSE:AM)

Key Points

• Natixis Advisors LLC increased its stake in Antero Midstream Corporation by 39.4%, owning 153,910 shares valued at approximately $2.77 million as of the last quarter.
• Analyst ratings have varied, with Wells Fargo and Morgan Stanley raising their price targets to $19.00, while Wall Street Zen upgraded the stock from a "hold" to a "buy" rating.
• Antero Midstream announced a quarterly dividend of $0.225 per share, providing an annualized dividend yield of 4.9%, despite having a high dividend payout ratio of 94.74%.

Natixis Advisors LLC increased its holdings in Antero Midstream Corporation (NYSE:AM - Free Report) by 39.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,910 shares of the pipeline company's stock after purchasing an additional 43,499 shares during the period. Natixis Advisors LLC's holdings in Antero Midstream were worth $2,770,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Transce3nd LLC purchased a new stake in Antero Midstream during the 1st quarter valued at $29,000. UMB Bank n.a. boosted its position 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 valued at $62,000 after buying an additional 2,188 shares during the period. TD Waterhouse Canada Inc. boosted its position in Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after buying an additional 963 shares during the period. GAMMA Investing LLC boosted its position in Antero Midstream by 34.0% during the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock valued at $154,000 after buying an additional 2,165 shares during the period. Finally, CWM LLC boosted its position in Antero Midstream by 7.1% during the 1st quarter. CWM LLC now owns 9,472 shares of the pipeline company's stock valued at $170,000 after buying an additional 629 shares during the period. Hedge funds and other institutional investors own 53.97% of the company's stock.

Analyst Upgrades and Downgrades

AM has been the subject of several research reports. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Morgan Stanley upped their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd.

Antero Midstream Trading Down 0.1%

NYSE AM traded down $0.03 during trading on Friday, hitting $18.44. The company had a trading volume of 1,620,716 shares, compared to its average volume of 3,083,438. 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 $13.77 and a one year high of $19.08. The company has a market cap of $8.82 billion, a price-to-earnings ratio of 19.41 and a beta of 0.97. The company's fifty day moving average is $18.07 and its 200-day moving average is $17.45.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $305.47 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. On average, sell-side analysts predict that Antero Midstream Corporation will post 0.95 earnings per share 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 paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 94.74%.

Insider Activity

In related news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the transaction, the director directly owned 73,645 shares in the company, valued at $1,390,417.60. This trade represents a 6.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by insiders.

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.