Engineers Gate Manager LP Acquires 31,650 Shares of Antero Midstream Corporation $AM

Engineers Gate Manager LP raised its holdings in Antero Midstream Corporation (NYSE:AM) by 25.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 156,669 shares of the pipeline company’s stock after purchasing an additional 31,650 shares during the quarter. Engineers Gate Manager LP’s holdings in Antero Midstream were worth $3,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AM. Royal Bank of Canada increased its position in Antero Midstream by 0.8% during the 1st quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock worth $3,256,000 after purchasing an additional 1,371 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Antero Midstream by 174.9% in the 1st quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock valued at $1,508,000 after acquiring an additional 53,281 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Antero Midstream by 56.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock valued at $69,739,000 after acquiring an additional 1,400,368 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Antero Midstream by 4.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company’s stock valued at $17,029,000 after acquiring an additional 43,335 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Antero Midstream by 5.9% during the 2nd quarter. M&T Bank Corp now owns 18,106 shares of the pipeline company’s stock valued at $344,000 after acquiring an additional 1,009 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Insider Transactions at Antero Midstream

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

Antero Midstream Price Performance

Shares of NYSE:AM opened at $22.09 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84. Antero Midstream Corporation has a 52 week low of $16.96 and a 52 week high of $23.83. The firm has a market cap of $10.48 billion, a PE ratio of 26.29 and a beta of 0.65. The firm’s fifty day moving average is $22.31 and its 200-day moving average is $22.16.

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

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders 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 is presently 107.14%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AM. Wells Fargo & Company boosted their price objective on Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Weiss Ratings lowered Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group set a $24.00 price target on Antero Midstream in a report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.50.

Antero Midstream Profile

Antero Midstream Corp. (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company provides gathering, compression, processing and water-handling services, primarily for Antero Resources and other producers.

Antero Midstream’s gathering and compression assets collect production from wells and transport it to processing and downstream markets. Its water business provides fresh-water delivery and wastewater handling services, including the gathering, recycling and disposal of water used in hydraulic fracturing and other production activities.

The company’s operations are concentrated in the Appalachian Basin, particularly in the Marcellus and Utica shale areas of West Virginia and Ohio.