New York State Common Retirement Fund Decreases Position in Antero Midstream Corporation (NYSE:AM)

New York State Common Retirement Fund lessened its holdings 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. The fund owned 357,046 shares of the pipeline company's stock after selling 15,400 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Antero Midstream worth $6,427,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Antero Midstream by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock valued at $541,250,000 after acquiring an additional 96,788 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Antero Midstream by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company's stock valued at $137,516,000 after acquiring an additional 71,361 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in shares of Antero Midstream by 2.0% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company's stock valued at $106,680,000 after acquiring an additional 135,886 shares during the period. Geode Capital Management LLC increased its position in shares of Antero Midstream by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock valued at $92,174,000 after acquiring an additional 25,001 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Antero Midstream by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 5,991,546 shares of the pipeline company's stock valued at $107,848,000 after acquiring an additional 295,432 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by company insiders.

Antero Midstream Price Performance

Shares of AM opened at $17.99 on Monday. The business's 50-day moving average is $18.36 and its two-hundred day moving average is $17.27. The company has a market capitalization of $8.62 billion, a P/E ratio of 20.68 and a beta of 1.01. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 1.42. Antero Midstream Corporation has a fifty-two week low of $13.12 and a fifty-two week high of $19.09.

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 for the quarter, topping the consensus estimate of $0.23 by $0.02. Antero Midstream had a return on equity of 19.75% and a net margin of 37.35%. The company had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. During the same period last year, the firm earned $0.21 EPS. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

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 given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend is Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an "underweight" rating and set a $17.00 price target (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 research report on Thursday, April 3rd.

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.

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