Quantbot Technologies LP Lowers Position in Antero Midstream Corporation $AM

Quantbot Technologies LP reduced its position in shares of Antero Midstream Corporation (NYSE:AM) by 46.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,418 shares of the pipeline company’s stock after selling 146,456 shares during the period. Quantbot Technologies LP’s holdings in Antero Midstream were worth $3,293,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Antero Midstream by 0.3% in the third quarter. Vanguard Group Inc. now owns 37,213,184 shares of the pipeline company’s stock worth $723,424,000 after acquiring an additional 124,102 shares during the period. Bank of New York Mellon Corp lifted its holdings in Antero Midstream by 22.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock worth $152,574,000 after purchasing an additional 1,430,138 shares in the last quarter. Norges Bank purchased a new stake in shares of Antero Midstream in the second quarter worth about $80,504,000. Goldman Sachs Group Inc. boosted its holdings in Antero Midstream by 56.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock valued at $69,739,000 after purchasing an additional 1,400,368 shares during the period. Finally, Boston Trust Walden Corp boosted its stake in Antero Midstream by 5.5% during the third quarter. Boston Trust Walden Corp now owns 3,738,016 shares of the pipeline company’s stock valued at $72,667,000 after buying an additional 194,480 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AM. The Goldman Sachs Group boosted their price target on shares of Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Wells Fargo & Company increased their target price on Antero Midstream from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday, December 29th. Morgan Stanley upped their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, November 12th. Finally, Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $21.33.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total value of $87,950.00. Following the sale, the director directly owned 72,622 shares of the company’s stock, valued at approximately $1,277,420.98. The trade was a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.86% of the stock is currently owned by company insiders.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $22.90 on Tuesday. Antero Midstream Corporation has a 12 month low of $15.07 and a 12 month high of $23.00. The firm has a market capitalization of $10.84 billion, a P/E ratio of 26.63 and a beta of 0.77. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 1.63. The business has a fifty day simple moving average of $19.20 and a two-hundred day simple moving average of $18.50.

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

Antero Midstream Announces Dividend

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

About Antero Midstream

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.