Antero Midstream Corporation $AM Shares Acquired by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP increased its holdings in Antero Midstream Corporation (NYSE:AM) by 27.5% in the third quarter, Holdings Channel.com reports. The firm owned 3,602,274 shares of the pipeline company’s stock after purchasing an additional 776,851 shares during the period. Antero Midstream accounts for 1.5% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 17th largest holding. Kayne Anderson Capital Advisors LP’s holdings in Antero Midstream were worth $70,028,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Richardson Financial Services Inc. lifted its position in Antero Midstream by 330.2% during the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock worth $25,000 after buying an additional 994 shares during the period. Root Financial Partners LLC acquired a new position in shares of Antero Midstream during the 3rd quarter valued at about $25,000. Quent Capital LLC purchased a new position in shares of Antero Midstream during the 3rd quarter worth about $28,000. Global Retirement Partners LLC lifted its holdings in shares of Antero Midstream by 33.3% during the 3rd quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock worth $44,000 after acquiring an additional 565 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in shares of Antero Midstream by 138.1% in the third quarter. Hantz Financial Services Inc. now owns 2,688 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 1,559 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Price Performance

Antero Midstream stock opened at $22.11 on Wednesday. The firm has a fifty day moving average of $18.81 and a 200-day moving average of $18.38. Antero Midstream Corporation has a 52-week low of $15.07 and a 52-week high of $22.14. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $10.46 billion, a P/E ratio of 25.71 and a beta of 0.81.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share for the quarter, beating 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 business had revenue of $297.00 million for the quarter, compared to analyst estimates of $292.46 million. During the same quarter in the previous year, the business posted $0.23 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th were paid a $0.225 dividend. The ex-dividend date was Wednesday, January 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.1%. Antero Midstream’s dividend payout ratio (DPR) is 104.65%.

Insider Activity

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

Wall Street Analyst Weigh In

AM has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 12th. The Goldman Sachs Group boosted their price objective on shares of Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday. Wells Fargo & Company increased their target price on Antero Midstream from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Wall Street Zen cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. One investment 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.33.

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.