XTX Topco Ltd Has $2.43 Million Stock Holdings in Antero Midstream Corporation (NYSE:AM)

XTX Topco Ltd boosted its holdings in Antero Midstream Corporation (NYSE:AM - Free Report) by 251.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,174 shares of the pipeline company's stock after purchasing an additional 96,754 shares during the period. XTX Topco Ltd's holdings in Antero Midstream were worth $2,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AM. Norges Bank acquired a new stake in Antero Midstream in the 4th quarter valued at about $62,578,000. Boston Trust Walden Corp bought a new stake in Antero Midstream in the first quarter valued at approximately $51,269,000. SIR Capital Management L.P. bought a new stake in Antero Midstream in the fourth quarter valued at approximately $35,058,000. Balyasny Asset Management L.P. lifted its position in shares of Antero Midstream by 7,769.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company's stock valued at $15,513,000 after buying an additional 1,014,951 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Antero Midstream by 22.5% during the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company's stock worth $61,950,000 after acquiring an additional 753,939 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Antero Midstream Price Performance

Shares of NYSE AM traded up $0.18 during midday trading on Friday, reaching $18.53. The company's stock had a trading volume of 4,249,913 shares, compared to its average volume of 2,706,692. The company has a market cap of $8.88 billion, a P/E ratio of 19.51 and a beta of 1.01. Antero Midstream Corporation has a fifty-two week low of $13.12 and a fifty-two week high of $19.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.42 and a current ratio of 1.03. The business's 50 day moving average price is $18.10 and its two-hundred day moving average price is $17.37.

Antero Midstream (NYSE:AM - Get Free Report) last released its 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 company had revenue of $305.47 million for 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. On average, analysts forecast 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 will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.9%. The ex-dividend date is Wednesday, July 23rd. Antero Midstream's payout ratio is currently 94.74%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AM shares. Morgan Stanley reissued an "underweight" rating and issued a $17.00 price target (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Wells Fargo & Company upped their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday.

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.