Jupiter Topco LLC Takes $4.38 Million Position in Antero Midstream Corporation $AM

Jupiter Topco LLC bought a new stake in shares of Antero Midstream Corporation (NYSE:AM) during the second quarter, Holdings Channel reports. The institutional investor bought 192,249 shares of the pipeline company’s stock, valued at approximately $4,376,000.

Several other institutional investors and hedge funds have also bought and sold shares of AM. Root Financial Partners LLC grew its holdings in Antero Midstream by 36.4% in the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 537 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Antero Midstream by 2.6% during the first quarter. PNC Financial Services Group Inc. now owns 21,430 shares of the pipeline company’s stock valued at $489,000 after purchasing an additional 537 shares during the period. Hantz Financial Services Inc. boosted its position 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 worth $59,000 after purchasing an additional 617 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position 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 worth $2,148,000 after purchasing an additional 660 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Antero Midstream by 68.1% in the 4th quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock valued at $31,000 after buying an additional 708 shares during the period. 53.97% of the stock is owned by institutional investors.

Insider Buying and Selling

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 transaction of $352,160.00. Following the transaction, the insider 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the sale, the director owned 68,204 shares of the company’s stock, valued at $1,450,699.08. This trade represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by company insiders.

Antero Midstream Trading Up 0.7%

NYSE:AM opened at $22.44 on Tuesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84. Antero Midstream Corporation has a one year low of $16.96 and a one year high of $23.83. The company has a market cap of $10.65 billion, a PE ratio of 26.71 and a beta of 0.65. The firm has a 50-day moving average of $22.31 and a 200-day moving average of $22.08.

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

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Wednesday, July 29th. Antero Midstream’s dividend payout ratio (DPR) is currently 107.14%.

Analyst Upgrades and Downgrades

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

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.