American Century Companies Inc. Buys 99,729 Shares of Antero Midstream Corporation $AM

American Century Companies Inc. grew its stake in Antero Midstream Corporation (NYSE:AM) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,185,426 shares of the pipeline company’s stock after acquiring an additional 99,729 shares during the quarter. American Century Companies Inc. owned 0.46% of Antero Midstream worth $39,338,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AM. Transce3nd LLC bought a new stake in Antero Midstream in the first quarter valued at approximately $29,000. UMB Bank n.a. increased its position in shares of Antero Midstream by 170.8% in the 1st quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company’s stock valued at $62,000 after buying an additional 2,188 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Antero Midstream by 20.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock valued at $85,000 after buying an additional 963 shares in the last quarter. GAMMA Investing LLC raised its stake in Antero Midstream by 34.0% during the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company’s stock worth $154,000 after buying an additional 2,165 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in Antero Midstream during the fourth quarter worth about $159,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Trading Up 0.4%

NYSE:AM opened at $17.4850 on Thursday. The company has a market cap of $8.37 billion, a P/E ratio of 18.41 and a beta of 0.97. Antero Midstream Corporation has a twelve month low of $14.06 and a twelve month high of $19.08. The business has a 50 day moving average price of $17.98 and a two-hundred day moving average price of $17.54. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45.

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

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Wednesday, July 23rd. Antero Midstream’s dividend payout ratio is currently 94.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AM shares. Wall Street Zen upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Wells Fargo & Company increased their target price on Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Morgan Stanley lifted their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group upped their price target on shares of Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a report on Monday. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $18.50.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the transaction, the director owned 73,645 shares in the company, valued at $1,390,417.60. This trade represents a 6.36% decrease in their position. 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 insiders.

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.