Antero Midstream Corporation $AM Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its holdings in Antero Midstream Corporation (NYSE:AM) by 319.0% in the first quarter, HoldingsChannel.com reports. The firm owned 437,144 shares of the pipeline company’s stock after acquiring an additional 332,822 shares during the period. Sei Investments Co.’s holdings in Antero Midstream were worth $9,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Antero Midstream in the 4th quarter worth approximately $66,998,000. Orbis Allan Gray Ltd bought a new stake in shares of Antero Midstream in the 4th quarter worth approximately $25,084,000. Goldman Sachs Group Inc. increased its holdings in shares of 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 valued at $69,739,000 after buying an additional 1,400,368 shares in the last quarter. SIR Capital Management L.P. raised its position in shares of Antero Midstream by 1,086.9% during the third quarter. SIR Capital Management L.P. now owns 1,383,349 shares of the pipeline company’s stock worth $26,892,000 after purchasing an additional 1,266,794 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Antero Midstream by 12.5% during the fourth 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. 53.97% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Yvette K. Schultz sold 69,269 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $21.90, for a total value of $1,516,991.10. Following the completion of the transaction, the insider owned 580,565 shares of the company’s stock, valued at approximately $12,714,373.50. This trade represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael N. Kennedy sold 100,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $21.92, for a total transaction of $2,192,000.00. Following the transaction, the insider owned 1,500,594 shares in the company, valued at $32,893,020.48. This represents a 6.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on AM. The Goldman Sachs Group set a $24.00 price objective on Antero Midstream in a research report on Tuesday, July 14th. Weiss Ratings downgraded Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 25th. Finally, Morgan Stanley upgraded shares of Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 target price on the stock in a report on Wednesday, April 22nd. 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.25.

Antero Midstream Stock Up 1.8%

NYSE AM opened at $21.93 on Friday. Antero Midstream Corporation has a one year low of $16.96 and a one year high of $23.83. The firm has a market cap of $10.41 billion, a PE ratio of 26.11 and a beta of 0.64. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $22.03 and its 200 day simple moving average is $21.54.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The company had revenue of $314.21 million during the quarter, compared to the consensus estimate of $311.30 million. During the same quarter last year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts forecast that Antero Midstream Corporation will post 1.1 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, July 29th. Antero Midstream’s dividend payout ratio is 107.14%.

Antero Midstream 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.