Rockefeller Capital Management L.P. Has $368,000 Position in Antero Midstream Corporation $AM

Rockefeller Capital Management L.P. lessened its position in shares of Antero Midstream Corporation (NYSE:AM) by 53.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,661 shares of the pipeline company’s stock after selling 23,334 shares during the period. Rockefeller Capital Management L.P.’s holdings in Antero Midstream were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AM. Hantz Financial Services Inc. lifted its stake in Antero Midstream by 23.0% during the fourth quarter. Hantz Financial Services Inc. now owns 3,305 shares of the pipeline company’s stock worth $59,000 after purchasing an additional 617 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Antero Midstream by 0.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 120,765 shares of the pipeline company’s stock valued at $2,148,000 after purchasing an additional 660 shares in the last quarter. Choreo LLC increased its stake in shares of Antero Midstream by 5.0% in the 4th quarter. Choreo LLC now owns 14,183 shares of the pipeline company’s stock valued at $253,000 after purchasing an additional 679 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Antero Midstream by 6.9% in the 4th quarter. GAMMA Investing LLC now owns 10,884 shares of the pipeline company’s stock valued at $194,000 after purchasing an additional 701 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Antero Midstream by 68.1% during the 4th quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock worth $31,000 after buying an additional 708 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AM shares. Morgan Stanley upgraded Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 target price on the stock in a research report on Wednesday, April 22nd. Wells Fargo & Company increased their target price on shares of Antero Midstream from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, March 13th. UBS Group lifted their price target on shares of Antero Midstream from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, March 25th. Finally, Weiss Ratings cut shares of Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Antero Midstream presently has an average rating of “Hold” and an average target price of $24.00.

Antero Midstream Stock Performance

Antero Midstream stock opened at $22.52 on Tuesday. The business has a 50 day moving average of $21.76 and a 200-day moving average of $20.93. Antero Midstream Corporation has a 1 year low of $16.77 and a 1 year high of $23.83. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $10.70 billion, a P/E ratio of 26.16 and a beta of 0.64.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, April 29th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The business had revenue of $314.21 million for the quarter, compared to analyst estimates of $311.30 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Antero Midstream Corporation will post 1.11 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Wednesday, April 29th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $0.90 annualized dividend and a dividend yield of 4.0%. Antero Midstream’s dividend payout ratio (DPR) is presently 104.65%.

Insiders Place Their Bets

In other news, insider Yvette K. Schultz sold 69,269 shares of Antero Midstream stock in a transaction on Monday, May 4th. The shares were sold at an average price of $21.90, for a total transaction of $1,516,991.10. Following the transaction, the insider owned 580,565 shares in the company, valued at approximately $12,714,373.50. The trade was a 10.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael N. Kennedy sold 100,000 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $21.92, for a total transaction of $2,192,000.00. Following the completion of the sale, the insider directly owned 1,500,594 shares in the company, valued at approximately $32,893,020.48. This represents a 6.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by insiders.

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.