Antero Midstream Corporation $AM Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its stake in Antero Midstream Corporation (NYSE:AM) by 39.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 161,205 shares of the pipeline company’s stock after acquiring an additional 45,228 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Antero Midstream were worth $3,675,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in Antero Midstream by 21.0% in the 3rd quarter. American Century Companies Inc. now owns 3,081,943 shares of the pipeline company’s stock valued at $59,913,000 after buying an additional 535,245 shares in the last quarter. Miller Howard Investments Inc. NY boosted its holdings in Antero Midstream by 2.5% in the 4th quarter. Miller Howard Investments Inc. NY now owns 1,978,405 shares of the pipeline company’s stock worth $35,196,000 after buying an additional 47,817 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Antero Midstream in the 3rd quarter worth about $13,642,000. Chickasaw Capital Management LLC increased its stake in Antero Midstream by 11.7% during the 4th quarter. Chickasaw Capital Management LLC now owns 1,409,183 shares of the pipeline company’s stock worth $25,069,000 after buying an additional 147,250 shares in the last quarter. Finally, Clark Capital Management Group Inc. increased its stake in Antero Midstream by 150.2% during the 3rd quarter. Clark Capital Management Group Inc. now owns 588,689 shares of the pipeline company’s stock worth $11,444,000 after buying an additional 353,446 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Antero Midstream news, insider Michael N. Kennedy sold 100,000 shares of Antero Midstream stock in a transaction on Monday, May 4th. The stock was sold at an average price of $21.92, for a total value of $2,192,000.00. Following the sale, the insider owned 1,500,594 shares in the company, valued at $32,893,020.48. The trade was a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 on Monday, May 4th. The shares were sold at an average price of $21.90, for a total value of $1,516,991.10. Following the completion of the transaction, the insider directly owned 580,565 shares in the company, valued at approximately $12,714,373.50. This trade represents a 10.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by insiders.

Antero Midstream Stock Performance

NYSE:AM opened at $22.79 on Tuesday. The company’s 50-day moving average is $21.62 and its two-hundred day moving average is $20.77. 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 firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of 26.50 and a beta of 0.66.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The firm 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 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts forecast that Antero Midstream Corporation will post 1.12 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Shareholders 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 yield of 3.9%. Antero Midstream’s dividend payout ratio (DPR) is 104.65%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley raised 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 boosted their price target on 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 cut Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their price objective on Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Antero Midstream currently has an average rating of “Hold” and a consensus price target of $24.00.

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.