Trexquant Investment LP Purchases 291,494 Shares of Antero Midstream Corporation $AM

Key Points

• Trexquant Investment LP increased its holdings in Antero Midstream Corporation by 102.9%, owning a total of 574,697 shares valued at approximately $10.35 million.
• Shares of Antero Midstream recently traded at $17.77, with a market capitalization of $8.50 billion and a price-to-earnings ratio of 18.70.
• The company reported $0.26 EPS for the latest quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.225 per share with an annualized yield of 5.1%.

Trexquant Investment LP boosted its holdings in Antero Midstream Corporation (NYSE:AM - Free Report) by 102.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 574,697 shares of the pipeline company's stock after acquiring an additional 291,494 shares during the quarter. Trexquant Investment LP owned about 0.12% of Antero Midstream worth $10,345,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of Antero Midstream by 2.0% in the first quarter. Invesco Ltd. now owns 30,631,765 shares of the pipeline company's stock valued at $551,372,000 after buying an additional 586,966 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in Antero Midstream by 31.7% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company's stock worth $167,614,000 after acquiring an additional 2,242,283 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Antero Midstream by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,147,525 shares of the pipeline company's stock worth $164,653,000 after acquiring an additional 34,596 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Antero Midstream by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 5,991,546 shares of the pipeline company's stock valued at $107,848,000 after buying 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 fourth quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock valued at $61,950,000 after buying an additional 753,939 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the company's 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 transaction, the insider directly owned 106,489 shares of the company's stock, valued at $1,864,622.39. This represents a 26.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.86% of the stock is currently owned by insiders.

Antero Midstream Price Performance

Shares of Antero Midstream stock traded up $0.24 during trading on Thursday, hitting $18.10. The stock had a trading volume of 2,786,774 shares, compared to its average volume of 2,099,916. The firm has a market cap of $8.66 billion, a P/E ratio of 19.05 and a beta of 0.92. Antero Midstream Corporation has a fifty-two week low of $14.06 and a fifty-two week high of $19.08. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day moving average of $17.85 and a two-hundred day moving average of $17.66.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The business 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 revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $0.23 EPS. On average, sell-side analysts expect that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, July 23rd. Antero Midstream's dividend payout ratio is presently 94.74%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AM shares. Morgan Stanley increased their target price on Antero Midstream from $17.00 to $19.00 and gave the company an "underweight" rating in a research note on Wednesday, August 6th. Wells Fargo & Company boosted their price target on Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. The Goldman Sachs Group boosted their price target on Antero Midstream from $15.50 to $17.50 and gave the stock a "neutral" rating in a research note on Monday, August 18th. Zacks Research raised Antero Midstream from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Finally, Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. 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 stock. According to data from MarketBeat, Antero Midstream presently has a consensus rating of "Hold" and an average target price of $18.50.

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.