Nuveen LLC Makes New Investment in Antero Midstream Corporation $AM

Nuveen LLC purchased a new stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,401,457 shares of the pipeline company's stock, valued at approximately $25,226,000. Nuveen LLC owned approximately 0.29% of Antero Midstream at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Invesco Ltd. increased its stake in Antero Midstream by 2.0% during the 1st quarter. Invesco Ltd. now owns 30,631,765 shares of the pipeline company's stock valued at $551,372,000 after purchasing an additional 586,966 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Antero Midstream by 0.8% during 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 purchasing an additional 71,361 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake 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 worth $106,680,000 after acquiring an additional 135,886 shares in the last quarter. Bank of New York Mellon Corp grew its stake 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 worth $107,848,000 after acquiring an additional 295,432 shares in the last quarter. Finally, Northern Trust Corp grew 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 worth $61,950,000 after acquiring an additional 753,939 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

Shares of NYSE:AM traded up $0.0440 during midday trading on Friday, reaching $17.7540. The company had a trading volume of 427,082 shares, compared to its average volume of 3,108,454. The company's 50 day moving average price is $17.96 and its 200 day moving average price is $17.55. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. The stock has a market cap of $8.50 billion, a P/E ratio of 18.70 and a beta of 0.97. Antero Midstream Corporation has a 52-week low of $14.06 and a 52-week high of $19.08.

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

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, July 23rd. Antero Midstream's payout ratio is 94.74%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a "neutral" rating in a research note on Monday. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Wells Fargo & Company upped their target price on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Finally, Morgan Stanley upped their target price on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $18.50.

Insider Transactions at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the completion of the transaction, the insider owned 106,489 shares in the company, valued at $1,864,622.39. This trade represents a 26.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brooks J. Klimley sold 5,000 shares of the 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 transaction, the director owned 73,645 shares of the company's stock, valued at $1,390,417.60. This represents a 6.36% decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

About Antero Midstream

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.