Amundi Raises Position in Antero Midstream Corporation $AM

Amundi raised its position in Antero Midstream Corporation (NYSE:AM) by 70.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 940,170 shares of the pipeline company’s stock after buying an additional 389,859 shares during the quarter. Amundi owned about 0.20% of Antero Midstream worth $21,389,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AM. BlackRock Inc. bought a new position in Antero Midstream in the 2nd quarter worth approximately $869,045,000. Invesco Ltd. increased its holdings in shares of Antero Midstream by 3.4% in the 4th quarter. Invesco Ltd. now owns 23,444,026 shares of the pipeline company’s stock worth $417,069,000 after buying an additional 776,791 shares during the last quarter. State Street Corp increased its stake in Antero Midstream by 1.7% in the fourth quarter. State Street Corp now owns 11,337,298 shares of the pipeline company’s stock valued at $201,691,000 after acquiring an additional 187,912 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Antero Midstream by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 10,472,491 shares of the pipeline company’s stock valued at $186,328,000 after buying an additional 1,161,684 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Antero Midstream by 11.2% during the first quarter. Bank of New York Mellon Corp now owns 9,129,288 shares of the pipeline company’s stock worth $208,148,000 after acquiring an additional 920,948 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the completion of the transaction, the director owned 68,204 shares in the company, valued at approximately $1,450,699.08. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sheri Pearce sold 16,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the transaction, the insider directly owned 83,900 shares of the company’s stock, valued at $1,846,639. This represents a 16.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Weiss Ratings cut Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Antero Midstream presently has a consensus rating of “Hold” and a consensus price target of $24.50.

Antero Midstream Price Performance

Shares of NYSE AM opened at $22.09 on Friday. Antero Midstream Corporation has a 1 year low of $16.96 and a 1 year high of $23.83. The stock has a market capitalization of $10.48 billion, a P/E ratio of 26.29 and a beta of 0.65. The company’s 50-day moving average is $22.31 and its 200 day moving average is $22.16. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $327.24 million during the quarter, compared to analyst estimates of $326.43 million. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. Antero Midstream’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. On average, sell-side analysts expect that Antero Midstream Corporation will post 1.09 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Wednesday, July 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 107.14%.

Antero Midstream Company Profile

Antero Midstream Corp. (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company provides gathering, compression, processing and water-handling services, primarily for Antero Resources and other producers.

Antero Midstream’s gathering and compression assets collect production from wells and transport it to processing and downstream markets. Its water business provides fresh-water delivery and wastewater handling services, including the gathering, recycling and disposal of water used in hydraulic fracturing and other production activities.

The company’s operations are concentrated in the Appalachian Basin, particularly in the Marcellus and Utica shale areas of West Virginia and Ohio.