Versor Investments LP Boosts Stock Holdings in Antero Midstream Corporation $AM

Key Points

• Versor Investments LP increased its stake in Antero Midstream Corporation by 53.0%, owning a total of 69,300 shares worth approximately $1.25 million as of its latest SEC filing.
• Analysts have raised their target prices for Antero Midstream, with Morgan Stanley and Wells Fargo increasing it from $17.00 to $19.00, indicating potential growth for the company.
• Antero Midstream recently declared a quarterly dividend of $0.225 per share, representing an annualized dividend yield of 5.0% while maintaining a dividend payout ratio of 94.74%.

Versor Investments LP grew its stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 53.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,300 shares of the pipeline company's stock after purchasing an additional 24,000 shares during the period. Versor Investments LP's holdings in Antero Midstream were worth $1,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Transce3nd LLC acquired a new position in shares of Antero Midstream during the first quarter valued at about $29,000. UMB Bank n.a. raised its holdings in shares of Antero Midstream by 170.8% during the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after purchasing an additional 2,188 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after purchasing an additional 963 shares during the period. GAMMA Investing LLC raised its holdings in shares of Antero Midstream by 34.0% during the first quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock valued at $154,000 after purchasing an additional 2,165 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in shares of Antero Midstream during the fourth quarter valued at about $159,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Insider Activity

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the sale, the director 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 SEC, which is accessible through the SEC website. Also, insider Sheri Pearce sold 39,155 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the completion of the sale, the insider owned 106,489 shares of the company's stock, valued at approximately $1,864,622.39. This trade represents a 26.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

Antero Midstream Stock Down 0.1%

NYSE AM traded down $0.0220 during trading hours on Friday, hitting $17.6880. The company's stock had a trading volume of 2,360,843 shares, compared to its average volume of 3,006,691. Antero Midstream Corporation has a 52 week low of $14.06 and a 52 week high of $19.08. The company has a market capitalization of $8.46 billion, a PE ratio of 18.62 and a beta of 0.97. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. The company's 50-day simple moving average is $17.95 and its two-hundred day simple moving average is $17.56.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, beating 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 net margin of 39.53% and a return on equity of 21.67%. The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. 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, August 6th. Shareholders of record on Wednesday, July 23rd were paid a $0.225 dividend. The ex-dividend date was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a yield of 5.1%. Antero Midstream's dividend payout ratio (DPR) is 94.74%.

Wall Street Analysts Forecast Growth

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

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.