211,426 Shares in Antero Midstream Corporation $AM Acquired by Deutsche Bank AG

Deutsche Bank AG purchased a new stake in Antero Midstream Corporation (NYSE:AM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 211,426 shares of the pipeline company’s stock, valued at approximately $4,810,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AM. Global Retirement Partners LLC purchased a new stake in Antero Midstream during the second quarter worth approximately $246,000. Bank of New York Mellon Corp acquired a new stake in shares of Antero Midstream in the second quarter worth $157,371,000. State of Wyoming purchased a new position in shares of Antero Midstream in the 2nd quarter valued at $379,000. GSA Capital Partners LLP purchased a new position in shares of Antero Midstream in the 2nd quarter valued at $293,000. Finally, Clearstead Trust LLC acquired a new position in shares of Antero Midstream during the 2nd quarter valued at $30,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $21.27, for a total transaction of $106,350.00. Following the completion of the sale, the director directly owned 68,204 shares in the company, valued at $1,450,699.08. This trade represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sheri Pearce sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the sale, the insider owned 83,900 shares of the company’s stock, valued at $1,846,639. This represents a 16.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Antero Midstream Stock Down 1.0%

Shares of NYSE:AM opened at $21.92 on Wednesday. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 26.10 and a beta of 0.65. The company has a 50 day moving average of $22.25 and a two-hundred day moving average of $21.99. Antero Midstream Corporation has a 52-week low of $16.96 and a 52-week high of $23.83. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $327.24 million for the quarter, compared to analysts’ expectations of $326.43 million. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. As a group, analysts forecast that Antero Midstream Corporation will post 1.09 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.90 annualized dividend and a yield of 4.1%. Antero Midstream’s payout ratio is 107.14%.

Analysts Set New Price Targets

AM has been the subject of a number of research reports. Wells Fargo & Company upped their price target on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. The Goldman Sachs Group set a $24.00 price objective on Antero Midstream in a research report on Tuesday, July 14th. Finally, Weiss Ratings cut Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. One research 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 company currently has an average rating of “Hold” and a consensus price target of $24.50.

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.