Vestmark Advisory Solutions Inc. Boosts Stock Position in Antero Midstream Corporation $AM

Vestmark Advisory Solutions Inc. boosted its stake in Antero Midstream Corporation (NYSE:AM) by 100.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,296 shares of the pipeline company’s stock after buying an additional 15,648 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Antero Midstream were worth $563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AM. Envestnet Asset Management Inc. lifted its holdings in Antero Midstream by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 492,735 shares of the pipeline company’s stock worth $7,435,000 after buying an additional 2,649 shares during the period. Russell Investments Group Ltd. lifted its holdings in Antero Midstream by 11.1% in the fourth quarter. Russell Investments Group Ltd. now owns 23,184 shares of the pipeline company’s stock worth $350,000 after buying an additional 2,309 shares during the period. Raymond James Financial Inc. purchased a new stake in Antero Midstream in the fourth quarter worth about $5,722,000. Rockefeller Capital Management L.P. purchased a new stake in Antero Midstream in the fourth quarter worth about $941,000. Finally, Mariner LLC lifted its holdings in Antero Midstream by 28.8% in the fourth quarter. Mariner LLC now owns 105,514 shares of the pipeline company’s stock worth $1,592,000 after buying an additional 23,577 shares during the period. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream Price Performance

Shares of AM opened at $17.91 on Monday. The company has a market capitalization of $8.57 billion, a P/E ratio of 18.85 and a beta of 0.97. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. The firm has a 50 day moving average of $18.02 and a 200 day moving average of $17.53. Antero Midstream Corporation has a twelve month low of $14.06 and a twelve month high of $19.08.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $305.47 million during the quarter, compared to the consensus estimate of $292.70 million. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. As a group, equities research analysts anticipate that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.0%. Antero Midstream’s dividend payout ratio (DPR) is 94.74%.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the sale, the director owned 73,645 shares of the company’s stock, valued at $1,390,417.60. This trade represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Morgan Stanley lifted their target price on shares of Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Finally, Wells Fargo & Company lifted their target price on shares of Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.