Police & Firemen s Retirement System of New Jersey Increases Stake in Antero Midstream Corporation $AM

Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Antero Midstream Corporation (NYSE:AM) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,974 shares of the pipeline company’s stock after acquiring an additional 6,321 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Antero Midstream were worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. US Bancorp DE boosted its holdings in shares of Antero Midstream by 1.6% during the second quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock worth $722,000 after purchasing an additional 610 shares during the period. CWM LLC lifted its holdings in shares of Antero Midstream by 7.1% in the first quarter. CWM LLC now owns 9,472 shares of the pipeline company’s stock valued at $170,000 after purchasing an additional 629 shares in the last quarter. Private Advisor Group LLC lifted its position in Antero Midstream by 1.6% during the 1st quarter. Private Advisor Group LLC now owns 40,726 shares of the pipeline company’s stock worth $733,000 after buying an additional 640 shares in the last quarter. Commerce Bank increased its position in Antero Midstream by 5.0% during the first quarter. Commerce Bank now owns 16,739 shares of the pipeline company’s stock worth $301,000 after acquiring an additional 800 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Antero Midstream by 4.8% in the second quarter. Parallel Advisors LLC now owns 23,620 shares of the pipeline company’s stock worth $448,000 after purchasing an additional 1,072 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analysts Set New Price Targets

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

Antero Midstream Trading Up 0.3%

NYSE AM opened at $17.87 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. The stock has a market cap of $8.51 billion, a P/E ratio of 18.23 and a beta of 0.88. Antero Midstream Corporation has a 12 month low of $14.22 and a 12 month high of $19.82. The stock’s fifty day moving average price is $18.34 and its 200-day moving average price is $18.19.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share 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 during the quarter, compared to analyst estimates of $287.30 million. During the same period in the previous year, the business earned $0.21 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

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

Antero Midstream Company 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.