Intech Investment Management LLC Boosts Stock Holdings in Antero Midstream Corporation $AM

Intech Investment Management LLC lifted its position in Antero Midstream Corporation (NYSE:AM) by 116.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 458,609 shares of the pipeline company’s stock after acquiring an additional 246,384 shares during the quarter. Intech Investment Management LLC’s holdings in Antero Midstream were worth $8,915,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Global Retirement Partners LLC boosted its holdings in Antero Midstream by 33.3% during the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock worth $44,000 after purchasing an additional 565 shares during the last quarter. MAI Capital Management lifted its position in shares of Antero Midstream by 1.4% during the 2nd quarter. MAI Capital Management now owns 44,049 shares of the pipeline company’s stock worth $835,000 after buying an additional 589 shares in the last quarter. State of Wyoming lifted its position in shares of Antero Midstream by 2.6% during the 3rd quarter. State of Wyoming now owns 29,299 shares of the pipeline company’s stock worth $570,000 after buying an additional 747 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Antero Midstream by 3.7% in the 2nd quarter. Tidal Investments LLC now owns 24,113 shares of the pipeline company’s stock worth $457,000 after buying an additional 856 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of Antero Midstream by 2.7% in the third quarter. Linden Thomas Advisory Services LLC now owns 35,911 shares of the pipeline company’s stock valued at $698,000 after acquiring an additional 951 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on AM shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. The Goldman Sachs Group upped 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. Morgan Stanley lifted their target price on Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 12th. Wells Fargo & Company boosted their price target on shares of Antero Midstream from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Finally, Wall Street Zen lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.33.

Insiders Place Their Bets

In related news, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total transaction of $87,950.00. Following the sale, the director owned 72,622 shares of the company’s stock, valued at approximately $1,277,420.98. This represents a 6.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Antero Midstream Stock Performance

NYSE:AM opened at $22.45 on Friday. The business’s fifty day moving average is $19.09 and its 200 day moving average is $18.47. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 26.10 and a beta of 0.81. The company has a debt-to-equity ratio of 1.63, a quick ratio of 3.41 and a current ratio of 3.41. Antero Midstream Corporation has a 52-week low of $15.07 and a 52-week high of $22.57.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, February 11th. The pipeline company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The business had revenue of $297.00 million during the quarter, compared to the consensus estimate of $292.46 million. During the same quarter last year, the company earned $0.23 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Research analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $0.90 annualized dividend and a yield of 4.0%. Antero Midstream’s payout ratio is currently 104.65%.

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.