16,166 Shares in Antero Midstream Corporation $AM Purchased by Qtron Investments LLC

Key Points

• Qtron Investments LLC has acquired a new stake in Antero Midstream Corporation, purchasing 16,166 shares valued at approximately $291,000 during the first quarter of the year.
• Multiple hedge funds have also modified their holdings, with notable increases from UMB Bank and Brooklyn Investment Group, showcasing growing institutional interest in Antero Midstream.
• Analysts have raised their price targets for Antero Midstream, with Wells Fargo and Morgan Stanley both setting new targets of $19.00, while the stock recently reported quarterly earnings of $0.26 EPS, surpassing expectations.

Qtron Investments LLC purchased a new stake in Antero Midstream Corporation (NYSE:AM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,166 shares of the pipeline company's stock, valued at approximately $291,000.

Other large investors have also added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in Antero Midstream in the first quarter valued at $29,000. UMB Bank n.a. boosted its holdings in Antero Midstream by 170.8% in the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after acquiring an additional 2,188 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Antero Midstream by 41.2% in the first quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company's stock valued at $82,000 after acquiring an additional 1,328 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Antero Midstream by 20.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after acquiring an additional 963 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Antero Midstream by 34.0% in the first quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock valued at $154,000 after acquiring an additional 2,165 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Insider Activity

In related 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 value of $94,400.00. Following the completion of the sale, the director directly owned 73,645 shares in the company, valued at approximately $1,390,417.60. This trade represents a 6.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sheri Pearce sold 39,155 shares of Antero Midstream stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total value of $685,604.05. Following the completion of the sale, the insider owned 106,489 shares of the company's stock, valued at $1,864,622.39. The trade was a 26.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AM has been the subject of several recent research reports. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Zacks Research raised Antero Midstream from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Morgan Stanley raised their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group raised their price objective on Antero Midstream from $15.50 to $17.50 and gave the company a "neutral" rating in a research report on Monday, August 18th. Finally, Wells Fargo & Company raised their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Antero Midstream has an average rating of "Hold" and a consensus target price of $18.50.

Antero Midstream Stock Down 0.5%

Shares of AM traded down $0.0850 during trading hours on Monday, hitting $17.6150. The company had a trading volume of 292,837 shares, compared to its average volume of 3,103,162. The firm has a fifty day moving average price of $17.95 and a 200-day moving average price of $17.58. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 18.53 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 posted its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $305.47 million during the quarter, compared to analyst estimates of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.Antero Midstream's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. On average, equities research analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 5.1%. The ex-dividend date was Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 94.74%.

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.