Oppenheimer & Co. Inc. Boosts Holdings in Antero Midstream Corporation (NYSE:AM)

Oppenheimer & Co. Inc. boosted its position in Antero Midstream Corporation (NYSE:AM - Free Report) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 742,257 shares of the pipeline company's stock after buying an additional 48,261 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.16% of Antero Midstream worth $13,361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Antero Midstream by 0.3% in the fourth 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 lifted its holdings in Antero Midstream by 0.8% in the fourth 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. lifted its holdings in Antero Midstream by 2.0% in the fourth 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 lifted its holdings in Antero Midstream by 0.4% in the fourth 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, Norges Bank acquired a new stake in Antero Midstream in the fourth quarter valued at $62,578,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the transaction, the director now owns 73,645 shares of the company's stock, valued at $1,390,417.60. This represents a 6.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.61% of the company's stock.

Antero Midstream Trading Up 1.2%

NYSE:AM opened at $18.35 on Monday. The company has a market capitalization of $8.80 billion, a PE ratio of 21.10 and a beta of 1.03. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.49. Antero Midstream Corporation has a 52-week low of $13.12 and a 52-week high of $19.09. The stock has a fifty day simple moving average of $17.96 and a 200-day simple moving average of $16.85.

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

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio is currently 103.45%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley reissued an "underweight" rating and issued a $17.00 target price (up previously from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

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.

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