Quantinno Capital Management LP Grows Stock Holdings in Antero Midstream Corporation $AM

Quantinno Capital Management LP grew its holdings in Antero Midstream Corporation (NYSE:AM) by 37.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 243,300 shares of the pipeline company’s stock after purchasing an additional 66,641 shares during the quarter. Quantinno Capital Management LP’s holdings in Antero Midstream were worth $5,547,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AM. Miller Howard Investments Inc. NY raised its stake in shares of Antero Midstream by 2.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 1,978,405 shares of the pipeline company’s stock valued at $35,196,000 after acquiring an additional 47,817 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Antero Midstream by 41.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 733,861 shares of the pipeline company’s stock worth $13,056,000 after purchasing an additional 216,416 shares in the last quarter. Kesler Norman & Wride LLC purchased a new stake in Antero Midstream during the 4th quarter worth about $939,000. Louisiana State Employees Retirement System purchased a new stake in Antero Midstream during the 1st quarter worth about $2,189,000. Finally, BNP Paribas Financial Markets increased its holdings in Antero Midstream by 19.0% during the 4th quarter. BNP Paribas Financial Markets now owns 1,592,910 shares of the pipeline company’s stock worth $28,338,000 after purchasing an additional 254,088 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total transaction of $106,350.00. Following the transaction, the director directly owned 68,204 shares in the company, valued at approximately $1,450,699.08. This trade represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sheri Pearce sold 16,000 shares of the firm’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 transaction, the insider owned 83,900 shares in the company, valued at approximately $1,846,639. This trade represents a 16.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Antero Midstream Stock Up 1.5%

AM opened at $21.48 on Friday. Antero Midstream Corporation has a one year low of $16.96 and a one year high of $23.83. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $10.20 billion, a P/E ratio of 25.58 and a beta of 0.65. The business’s 50-day simple moving average is $22.03 and its 200-day simple moving average is $21.67.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Wednesday, July 29th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, July 29th. This represents a $0.90 annualized dividend and a yield of 4.2%. Antero Midstream’s payout ratio is 107.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AM shares. Wells Fargo & Company lifted their price objective on Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday. Weiss Ratings lowered shares of Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday. Morgan Stanley upgraded shares of Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price target for the company in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group set a $24.00 price target on shares of Antero Midstream in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.50.

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.