Quantinno Capital Management LP Purchases 66,641 Shares of Antero Midstream Corporation $AM

Key Points

• Quantinno Capital Management increased its Antero Midstream stake by 37.7% in the first quarter, purchasing 66,641 additional shares and bringing its holdings to 243,300 shares valued at approximately $5.55 million. Institutional investors collectively own 53.97% of the company.
• Antero Midstream declared a quarterly dividend of $0.225 per share, equivalent to $0.90 annually and a 4.2% yield, though its payout ratio is elevated at 107.14%. Shares recently traded at $21.48, within a 12-month range of $16.96 to $23.83.
• Analysts maintain a generally cautious view, with one Buy rating and five Holds, producing a consensus “Hold” rating and an average price target of $24.50. Meanwhile, two company insiders sold shares in August.

Quantinno Capital Management LP raised its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 37.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 243,300 shares of the pipeline company's stock after buying an additional 66,641 shares during the quarter. Quantinno Capital Management LP owned about 0.05% of Antero Midstream worth $5,547,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AM. Lazard Asset Management LLC raised its stake in shares of Antero Midstream by 5.0% during the 1st quarter. Lazard Asset Management LLC now owns 169,025 shares of the pipeline company's stock worth $3,854,000 after acquiring an additional 7,977 shares in the last quarter. Gateway Wealth Partners LLC acquired a new stake in Antero Midstream in the first quarter valued at approximately $650,000. Lombard Odier Asset Management USA Corp acquired a new stake in Antero Midstream in the first quarter valued at approximately $308,000. Waverly Advisors LLC grew its holdings in Antero Midstream by 3.9% in the first quarter. Waverly Advisors LLC now owns 457,330 shares of the pipeline company's stock worth $10,427,000 after purchasing an additional 17,051 shares during the last quarter. Finally, GC Wealth Management RIA LLC purchased a new position in Antero Midstream in the first quarter worth $215,000. 53.97% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 16,000 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total value of $352,160.00. Following the completion of the transaction, the insider owned 83,900 shares of the company's stock, valued at $1,846,639. The trade was a 16.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the completion of the sale, the director owned 68,204 shares in the company, valued at $1,450,699.08. The trade was a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company's stock.

Antero Midstream Stock Performance

Shares of NYSE AM opened at $21.48 on Friday. The company has a 50 day simple moving average of $22.03 and a two-hundred day simple moving average of $21.67. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 25.58 and a beta of 0.65. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. Antero Midstream Corporation has a 12 month low of $16.96 and a 12 month high of $23.83.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.90 dividend on an annualized basis and a yield of 4.2%. Antero Midstream's payout ratio is currently 107.14%.

Wall Street Analyst Weigh In

AM has been the subject of several analyst reports. Morgan Stanley upgraded Antero Midstream from an "underweight" rating to an "equal weight" rating and set a $26.00 price objective for the company in a report on Wednesday, April 22nd. Wells Fargo & Company boosted their target price on Antero Midstream from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Monday. The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a research report on Tuesday, July 14th. Finally, Weiss Ratings downgraded Antero Midstream from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $24.50.

About Antero Midstream

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company's core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.

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