New York State Common Retirement Fund Has $6.43 Million Stock Position in Antero Midstream Corporation (NYSE:AM)

New York State Common Retirement Fund reduced its stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,046 shares of the pipeline company's stock after selling 15,400 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Antero Midstream worth $6,427,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Antero Midstream during the 4th quarter worth approximately $62,578,000. Boston Trust Walden Corp bought a new position in Antero Midstream in the first quarter worth $51,269,000. SIR Capital Management L.P. acquired a new stake in Antero Midstream during the fourth quarter worth $35,058,000. Balyasny Asset Management L.P. increased its holdings in Antero Midstream by 7,769.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company's stock valued at $15,513,000 after buying an additional 1,014,951 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Antero Midstream by 22.5% in the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock valued at $61,950,000 after buying an additional 753,939 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Antero Midstream Price Performance

Shares of NYSE AM traded up $0.13 during midday trading on Thursday, reaching $17.08. 2,214,000 shares of the company traded hands, compared to its average volume of 2,715,334. Antero Midstream Corporation has a 12 month low of $13.12 and a 12 month high of $19.08. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 1.42. The stock's 50-day simple moving average is $18.29 and its 200-day simple moving average is $17.28. The firm has a market cap of $8.18 billion, a PE ratio of 19.63 and a beta of 1.01.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. As a group, equities analysts anticipate that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.27%. The ex-dividend date is Wednesday, July 23rd. Antero Midstream's payout ratio is currently 103.45%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Morgan Stanley reiterated an "underweight" rating and set a $17.00 target price (up from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the sale, the director directly owned 73,645 shares of the company's stock, valued at $1,390,417.60. This trade represents a 6.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is 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.