54,124 Shares in Antero Midstream Corporation (NYSE:AM) Acquired by Riverwater Partners LLC

Riverwater Partners LLC acquired a new stake in Antero Midstream Corporation (NYSE:AM) in the first quarter, Holdings Channel.com reports. The fund acquired 54,124 shares of the pipeline company’s stock, valued at approximately $974,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AM. Vanguard Group Inc. boosted its holdings in Antero Midstream by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company’s stock valued at $541,250,000 after purchasing an additional 96,788 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Antero Midstream by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company’s stock worth $137,516,000 after purchasing an additional 71,361 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in Antero Midstream by 2.0% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company’s stock valued at $106,680,000 after buying an additional 135,886 shares during the last quarter. Geode Capital Management LLC lifted its position in Antero Midstream by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company’s stock valued at $92,174,000 after buying an additional 25,001 shares during the last quarter. Finally, Norges Bank purchased a new position in Antero Midstream during the fourth quarter worth about $62,578,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Price Performance

AM stock opened at $18.13 on Friday. The business’s fifty day moving average price is $17.92 and its 200 day moving average price is $16.81. Antero Midstream Corporation has a 12-month low of $13.12 and a 12-month high of $19.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $8.69 billion, a PE ratio of 20.84 and a beta of 1.03.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. On average, sell-side analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.96%. The ex-dividend date was Wednesday, April 23rd. Antero Midstream’s payout ratio is currently 103.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AM shares. Wall Street Zen raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Morgan Stanley reiterated an “underweight” rating and issued a $17.00 target price (up previously from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd.

Insiders Place Their Bets

In related news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the transaction, the director now directly owns 73,645 shares of the company’s stock, valued at $1,390,417.60. The trade was a 6.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by company insiders.

Antero Midstream 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.