Dynamic Technology Lab Private Ltd Buys New Stake in Antero Midstream Corporation $AM

Dynamic Technology Lab Private Ltd purchased a new position in Antero Midstream Corporation (NYSE:AM) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 43,594 shares of the pipeline company’s stock, valued at approximately $848,000.

Several other large investors have also recently bought and sold shares of AM. Richardson Financial Services Inc. increased its stake in Antero Midstream by 330.2% during the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 994 shares during the period. Root Financial Partners LLC bought a new stake in shares of Antero Midstream in the 3rd quarter worth about $25,000. Quent Capital LLC acquired a new stake in shares of Antero Midstream during the third quarter worth approximately $28,000. Global Retirement Partners LLC raised its holdings in shares of Antero Midstream by 33.3% in the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock valued at $44,000 after buying an additional 565 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Antero Midstream by 58.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company’s stock valued at $51,000 after buying an additional 1,000 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total value of $87,950.00. Following the completion of the sale, the director owned 72,622 shares of the company’s stock, valued at $1,277,420.98. The trade was a 6.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.86% of the company’s stock.

Antero Midstream Trading Down 0.9%

Shares of NYSE:AM opened at $22.76 on Tuesday. The company has a 50-day simple moving average of $19.69 and a 200 day simple moving average of $18.69. The company has a market capitalization of $10.76 billion, a P/E ratio of 26.46 and a beta of 0.77. The company has a debt-to-equity ratio of 1.63, a quick ratio of 3.41 and a current ratio of 3.41. Antero Midstream Corporation has a 52-week low of $15.07 and a 52-week high of $23.10.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, February 11th. The pipeline company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The company had revenue of $297.00 million during the quarter, compared to the consensus estimate of $292.46 million. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. Sell-side analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, January 28th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 28th. This represents a $0.90 annualized dividend and a yield of 4.0%. Antero Midstream’s dividend payout ratio (DPR) is presently 104.65%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AM. Weiss Ratings raised Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of Antero Midstream from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. The Goldman Sachs Group upped their price target on shares of Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Morgan Stanley boosted their price target on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. Finally, Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Antero Midstream has an average rating of “Hold” and an average target price of $21.33.

Antero Midstream Company Profile

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.