57,245 Shares in Antero Midstream Corporation $AM Acquired by Odyssean LLC

Odyssean LLC purchased a new stake in Antero Midstream Corporation (NYSE:AM) during the second quarter, HoldingsChannel.com reports. The fund purchased 57,245 shares of the pipeline company’s stock, valued at approximately $1,302,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AM. BlackRock Inc. bought a new stake in shares of Antero Midstream during the second quarter worth $869,045,000. Invesco Ltd. boosted its stake in Antero Midstream by 3.4% in the 4th quarter. Invesco Ltd. now owns 23,444,026 shares of the pipeline company’s stock worth $417,069,000 after purchasing an additional 776,791 shares during the period. State Street Corp boosted its stake in Antero Midstream by 1.7% in the 4th quarter. State Street Corp now owns 11,337,298 shares of the pipeline company’s stock worth $201,691,000 after purchasing an additional 187,912 shares during the period. Geode Capital Management LLC increased its holdings in Antero Midstream by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 10,472,491 shares of the pipeline company’s stock worth $186,328,000 after purchasing an additional 1,161,684 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Antero Midstream by 11.2% during the 1st quarter. Bank of New York Mellon Corp now owns 9,129,288 shares of the pipeline company’s stock worth $208,148,000 after purchasing an additional 920,948 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 16,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total transaction of $352,160.00. Following the sale, the insider directly owned 83,900 shares of the company’s stock, valued at approximately $1,846,639. This represents a 16.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total transaction of $106,350.00. Following the completion of the sale, the director owned 68,204 shares of the company’s stock, valued at approximately $1,450,699.08. This represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AM has been the topic of a number of recent research reports. The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a research report on Tuesday, July 14th. Weiss Ratings downgraded Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company raised their price target on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $24.50.

Antero Midstream Price Performance

NYSE:AM opened at $21.92 on Wednesday. Antero Midstream Corporation has a 52-week low of $16.96 and a 52-week high of $23.83. The company has a market cap of $10.40 billion, a P/E ratio of 26.10 and a beta of 0.65. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50-day simple moving average is $22.25 and its 200 day simple moving average is $21.99.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $327.24 million during the quarter, compared to analysts’ expectations of $326.43 million. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 earnings per share. As a group, sell-side analysts forecast that Antero Midstream Corporation will post 1.09 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.90 annualized dividend and a dividend yield of 4.1%. Antero Midstream’s dividend payout ratio (DPR) is currently 107.14%.

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.