Hennion & Walsh Asset Management Inc. Grows Stock Holdings in Antero Midstream Corporation $AM

Hennion & Walsh Asset Management Inc. increased its position in shares of Antero Midstream Corporation (NYSE:AM) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,302 shares of the pipeline company’s stock after acquiring an additional 29,501 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.06% of Antero Midstream worth $4,773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AM. Royal Bank of Canada lifted its holdings in Antero Midstream by 0.8% during the 1st quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock worth $3,256,000 after buying an additional 1,371 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Antero Midstream by 174.9% in the first quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock worth $1,508,000 after acquiring an additional 53,281 shares in the last quarter. Goldman Sachs Group Inc. grew its stake 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 worth $69,739,000 after acquiring an additional 1,400,368 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Antero Midstream by 4.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company’s stock worth $17,029,000 after acquiring an additional 43,335 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Antero Midstream by 419.4% during the second quarter. Prudential Financial Inc. now owns 185,064 shares of the pipeline company’s stock worth $3,507,000 after acquiring an additional 149,433 shares during the period. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price objective on Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. UBS Group upped their target price on shares of Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 25th. Wells Fargo & Company raised their target price on shares of Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Weiss Ratings upgraded shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, March 6th. Finally, Zacks Research cut shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Antero Midstream presently has an average rating of “Hold” and a consensus price target of $22.50.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $23.13 on Tuesday. The firm’s fifty day simple moving average is $21.30 and its 200-day simple moving average is $19.23. Antero Midstream Corporation has a 12 month low of $15.07 and a 12 month high of $23.83. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 26.90 and a beta of 0.77. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, February 11th. The pipeline company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Antero Midstream had a net margin of 34.77% and a return on equity of 20.12%. The business had revenue of $297.00 million during the quarter, compared to analysts’ expectations of $292.46 million. During the same period in the prior year, the company earned $0.23 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, January 28th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $0.90 dividend on an annualized basis and a yield of 3.9%. Antero Midstream’s dividend payout ratio (DPR) is 104.65%.

Insiders Place Their Bets

In related news, insider Yvette K. Schultz sold 25,000 shares of Antero Midstream stock in a transaction on Monday, March 9th. The stock was sold at an average price of $22.81, for a total transaction of $570,250.00. Following the completion of the transaction, the insider directly owned 649,834 shares of the company’s stock, valued at approximately $14,822,713.54. The trade was a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $23.16, for a total transaction of $115,800.00. Following the completion of the sale, the director owned 69,680 shares in the company, valued at $1,613,788.80. This represents a 6.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 44,000 shares of company stock worth $1,004,690. Corporate insiders own 0.86% of the company’s stock.

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.