Invesco Ltd. Lowers Holdings in Antero Midstream Corporation $AM

Invesco Ltd. reduced its stake in Antero Midstream Corporation (NYSE:AM) by 17.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,331,933 shares of the pipeline company’s stock after selling 5,299,832 shares during the period. Invesco Ltd. owned approximately 5.29% of Antero Midstream worth $480,040,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AM. US Bancorp DE grew its holdings in Antero Midstream by 1.6% during the second quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock valued at $722,000 after purchasing an additional 610 shares during the period. Amundi lifted its position in shares of Antero Midstream by 3,121.9% during the 1st quarter. Amundi now owns 125,913 shares of the pipeline company’s stock valued at $2,263,000 after buying an additional 122,005 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Antero Midstream by 54.3% during the 2nd quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock valued at $11,637,000 after buying an additional 216,022 shares in the last quarter. Jump Financial LLC bought a new position in shares of Antero Midstream during the 1st quarter valued at approximately $8,402,000. Finally, Russell Investments Group Ltd. increased its holdings in Antero Midstream by 94.4% in the 1st quarter. Russell Investments Group Ltd. now owns 45,070 shares of the pipeline company’s stock worth $811,000 after acquiring an additional 21,886 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Price Performance

Antero Midstream stock opened at $18.22 on Friday. Antero Midstream Corporation has a 52-week low of $14.22 and a 52-week high of $19.82. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46. The firm’s fifty day moving average is $18.13 and its 200 day moving average is $18.17. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 18.59 and a beta of 0.82.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $294.82 million for the quarter, compared to analyst estimates of $287.30 million. Antero Midstream had a return on equity of 22.61% and a net margin of 40.07%.Antero Midstream’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. Sell-side analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Wednesday, October 22nd. Antero Midstream’s payout ratio is presently 91.84%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AM. Zacks Research downgraded shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Morgan Stanley raised their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, November 12th. The Goldman Sachs Group upped their target price 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. Wall Street Zen lowered Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Antero Midstream currently has an average rating of “Hold” and a consensus price target of $18.83.

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.