Antero Midstream Corporation $AM Holdings Boosted by Columbus Macro LLC

Columbus Macro LLC increased its holdings in Antero Midstream Corporation (NYSE:AM) by 4.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 769,721 shares of the pipeline company’s stock after buying an additional 31,808 shares during the period. Antero Midstream comprises approximately 1.9% of Columbus Macro LLC’s investment portfolio, making the stock its 5th biggest holding. Columbus Macro LLC’s holdings in Antero Midstream were worth $17,550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AM. Penbrook Management LLC purchased a new position in shares of Antero Midstream in the 1st quarter valued at $226,000. Louisiana State Employees Retirement System purchased a new stake in shares of Antero Midstream during the 1st quarter worth $2,189,000. Silver Oak Securities Incorporated boosted its position in Antero Midstream by 2.9% during the first quarter. Silver Oak Securities Incorporated now owns 71,158 shares of the pipeline company’s stock valued at $1,622,000 after purchasing an additional 1,975 shares in the last quarter. SG Americas Securities LLC boosted its position in Antero Midstream by 4.0% during the first quarter. SG Americas Securities LLC now owns 414,746 shares of the pipeline company’s stock valued at $9,456,000 after purchasing an additional 15,890 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in Antero Midstream by 225.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 373,838 shares of the pipeline company’s stock valued at $8,524,000 after purchasing an additional 258,847 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 2.3%

Antero Midstream stock opened at $22.66 on Friday. The stock has a 50-day moving average of $21.56 and a two-hundred day moving average of $20.71. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.99 and a current ratio of 0.99. Antero Midstream Corporation has a one year low of $16.77 and a one year high of $23.83. The stock has a market cap of $10.76 billion, a PE ratio of 26.34 and a beta of 0.66.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share 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 during the quarter, compared to analyst estimates of $311.30 million. During the same period in the prior year, the business posted $0.25 EPS. Antero Midstream’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that Antero Midstream Corporation will post 1.12 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

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

Insider Buying and Selling

In other Antero Midstream news, insider Michael N. Kennedy sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $21.92, for a total transaction of $2,192,000.00. Following the transaction, the insider 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 69,269 shares of the company’s stock in a transaction that occurred 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 $12,714,373.50. The trade was a 10.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on AM. Morgan Stanley upgraded shares of Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 target price for the company in a report on Wednesday, April 22nd. UBS Group lifted their price objective on shares of Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 25th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Antero Midstream in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company increased their target price on shares of Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.00.

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.