Antero Midstream Corporation $AM Holdings Decreased by KBC Group NV

KBC Group NV reduced its position in shares of Antero Midstream Corporation (NYSE:AM) by 41.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,343 shares of the pipeline company’s stock after selling 7,285 shares during the period. KBC Group NV’s holdings in Antero Midstream were worth $196,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Tortoise Capital Advisors L.L.C. increased its stake in Antero Midstream by 31.7% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company’s stock valued at $167,614,000 after purchasing an additional 2,242,283 shares during the last quarter. Nuveen LLC bought a new stake in shares of Antero Midstream during the 1st quarter valued at about $25,226,000. Goldman Sachs Group Inc. lifted its holdings in Antero Midstream by 56.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock worth $69,739,000 after acquiring an additional 1,400,368 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Antero Midstream by 17.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,662,358 shares of the pipeline company’s stock valued at $83,922,000 after acquiring an additional 697,234 shares during the period. Finally, Boston Trust Walden Corp grew its holdings in shares of Antero Midstream by 24.4% during the second quarter. Boston Trust Walden Corp now owns 3,543,536 shares of the pipeline company’s stock valued at $67,150,000 after purchasing an additional 695,233 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Stock Performance

AM stock opened at $17.87 on Wednesday. The company has a 50-day simple moving average of $18.34 and a 200 day simple moving average of $18.19. The company has a market capitalization of $8.51 billion, a P/E ratio of 18.23 and a beta of 0.88. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. Antero Midstream Corporation has a fifty-two week low of $14.22 and a fifty-two week high of $19.82.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Antero Midstream had a net margin of 40.07% and a return on equity of 22.53%. The company had revenue of $294.82 million for the quarter, compared to the consensus estimate of $287.30 million. During the same period in the previous year, the firm earned $0.21 EPS. Antero Midstream’s revenue was down 8.4% on a year-over-year basis. Sell-side analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio (DPR) is presently 91.84%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AM. Wall Street Zen downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research downgraded shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Weiss Ratings restated a “buy (b+)” rating on shares of Antero Midstream in a research report on Thursday, November 13th. Morgan Stanley lifted their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, November 12th. Finally, The Goldman Sachs Group upped their target price on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.83.

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.