467,598 Shares in Antero Midstream Corporation $AM Acquired by SIR Capital Management L.P.

SIR Capital Management L.P. acquired a new stake in Antero Midstream Corporation (NYSE:AM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 467,598 shares of the pipeline company’s stock, valued at approximately $10,638,000. Antero Midstream comprises about 1.2% of SIR Capital Management L.P.’s investment portfolio, making the stock its 28th largest holding. SIR Capital Management L.P. owned about 0.10% of Antero Midstream at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Root Financial Partners LLC increased its holdings in shares of Antero Midstream by 36.4% during the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock worth $46,000 after buying an additional 537 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Antero Midstream by 2.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 21,430 shares of the pipeline company’s stock valued at $489,000 after acquiring an additional 537 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Antero Midstream by 23.0% during the 4th quarter. Hantz Financial Services Inc. now owns 3,305 shares of the pipeline company’s stock valued at $59,000 after acquiring an additional 617 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Antero Midstream by 0.5% during 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 acquiring an additional 660 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in 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 acquiring an additional 708 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Transactions at Antero Midstream

In related news, insider Sheri Pearce sold 16,000 shares of Antero Midstream stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total value of $352,160.00. Following the transaction, the insider directly owned 83,900 shares of the company’s stock, valued at $1,846,639. The trade was a 16.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brooks J. Klimley sold 5,000 shares of the company’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 value of $106,350.00. Following the completion of the sale, the director owned 68,204 shares in the company, valued at $1,450,699.08. The trade was a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by company insiders.

Antero Midstream Stock Performance

NYSE AM opened at $22.14 on Tuesday. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 26.35 and a beta of 0.65. Antero Midstream Corporation has a twelve month low of $16.96 and a twelve month high of $23.83. The stock has a fifty day simple moving average of $22.24 and a 200 day simple moving average of $21.97. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $327.24 million during the quarter, compared to analyst estimates of $326.43 million. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.Antero Midstream’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. Sell-side analysts expect that Antero Midstream Corporation will post 1.09 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Wednesday, July 29th. Antero Midstream’s dividend payout ratio (DPR) is 107.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AM shares. The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a report on Tuesday, July 14th. Weiss Ratings lowered Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company boosted their price target on Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.