Antero Midstream Corporation $AM Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in shares of Antero Midstream Corporation (NYSE:AM) by 42.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 571,156 shares of the pipeline company’s stock after buying an additional 169,397 shares during the quarter. Wellington Management Group LLP’s holdings in Antero Midstream were worth $12,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in Antero Midstream by 0.8% during the first quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock worth $3,256,000 after purchasing an additional 1,371 shares during the period. AQR Capital Management LLC raised its position in shares of Antero Midstream by 174.9% during the 1st quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock valued at $1,508,000 after buying an additional 53,281 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Antero Midstream by 56.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock valued at $69,739,000 after acquiring an additional 1,400,368 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Antero Midstream by 4.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company’s stock valued at $17,029,000 after acquiring an additional 43,335 shares during the last quarter. Finally, M&T Bank Corp grew its position in Antero Midstream by 5.9% in the second quarter. M&T Bank Corp now owns 18,106 shares of the pipeline company’s stock worth $344,000 after acquiring an additional 1,009 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Activity

In other news, Director Brooks Klimley sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $21.27, for a total transaction of $106,350.00. Following the completion of the transaction, the director directly owned 68,204 shares of the company’s stock, valued at approximately $1,450,699.08. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sheri Pearce sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total transaction of $352,160.00. Following the sale, the insider owned 83,900 shares in the company, valued at $1,846,639. The trade was a 16.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AM shares. Weiss Ratings cut Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Wells Fargo & Company upped their price target on Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group set a $24.00 price target on Antero Midstream in a report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Antero Midstream presently has an average rating of “Hold” and a consensus target price of $24.50.

Antero Midstream Stock Up 0.0%

Antero Midstream stock opened at $22.61 on Tuesday. The firm has a market capitalization of $10.73 billion, a P/E ratio of 26.92 and a beta of 0.65. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. Antero Midstream Corporation has a twelve month low of $16.96 and a twelve month high of $23.83. The stock’s fifty day simple moving average is $22.31 and its 200-day simple moving average is $22.13.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The firm had revenue of $327.24 million during the quarter, compared to analyst estimates of $326.43 million. During the same period last year, the business posted $0.29 earnings per share. Antero Midstream’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts expect that Antero Midstream Corporation will post 1.09 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Wednesday, July 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 107.14%.

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.