Oppenheimer & Co. Inc. Buys 48,261 Shares of Antero Midstream Corporation (NYSE:AM)

Oppenheimer & Co. Inc. grew its stake in Antero Midstream Corporation (NYSE:AM - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 742,257 shares of the pipeline company's stock after purchasing 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 filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AM. Segment Wealth Management LLC acquired a new stake in shares of Antero Midstream during the 1st quarter worth about $297,000. Riverwater Partners LLC bought a new stake in Antero Midstream during the first quarter worth about $974,000. Silver Oak Securities Incorporated bought a new stake in Antero Midstream during the first quarter worth about $459,000. Boston Trust Walden Corp acquired a new stake in shares of Antero Midstream during the first quarter worth approximately $51,269,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Antero Midstream by 0.4% in the first quarter. State of Alaska Department of Revenue now owns 194,907 shares of the pipeline company's stock valued at $3,507,000 after acquiring an additional 845 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Price Performance

NYSE:AM traded up $0.45 during mid-day trading on Thursday, reaching $18.91. 2,749,270 shares of the company were exchanged, compared to its average volume of 2,951,823. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.49. The stock has a market cap of $9.06 billion, a PE ratio of 21.74 and a beta of 1.03. Antero Midstream Corporation has a 12 month low of $13.12 and a 12 month high of $19.09. The company has a fifty day moving average of $18.10 and a 200 day moving average of $16.92.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. Antero Midstream's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 earnings per share. On average, research analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.76%. Antero Midstream's payout ratio is 103.45%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream 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 now directly owns 73,645 shares in the company, valued at approximately $1,390,417.60. The trade was a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

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