Antero Midstream Corporation $AM Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in Antero Midstream Corporation (NYSE:AM) by 40.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 504,755 shares of the pipeline company’s stock after acquiring an additional 146,300 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Antero Midstream were worth $9,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Antero Midstream by 22.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock valued at $152,574,000 after purchasing an additional 1,430,138 shares in the last quarter. US Bancorp DE lifted its position in Antero Midstream by 1.6% during the 2nd quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock worth $722,000 after acquiring an additional 610 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Antero Midstream by 54.3% in the 2nd quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock worth $11,637,000 after acquiring an additional 216,022 shares during the period. Boston Trust Walden Corp boosted its holdings in Antero Midstream by 5.5% in the 3rd quarter. Boston Trust Walden Corp now owns 3,738,016 shares of the pipeline company’s stock worth $72,667,000 after acquiring an additional 194,480 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Antero Midstream by 6.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,062,611 shares of the pipeline company’s stock valued at $20,657,000 after purchasing an additional 60,628 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total value of $87,950.00. Following the transaction, the director directly owned 72,622 shares in the company, valued at $1,277,420.98. The trade was a 6.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

AM has been the subject of several recent analyst reports. Morgan Stanley raised their target price on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, November 12th. Wall Street Zen cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Wells Fargo & Company upped their target price on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 23rd. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.17.

Antero Midstream Price Performance

Shares of AM opened at $19.75 on Tuesday. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 20.15 and a beta of 0.81. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s fifty day moving average is $18.14 and its 200-day moving average is $18.13. Antero Midstream Corporation has a one year low of $15.07 and a one year high of $19.82.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $0.90 annualized dividend and a dividend yield of 4.6%. Antero Midstream’s payout ratio is currently 91.84%.

About Antero Midstream

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.