Columbus Macro LLC Boosts Stock Position in Antero Midstream Corporation $AM

Columbus Macro LLC increased its stake in shares of Antero Midstream Corporation (NYSE:AM) by 11.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 554,835 shares of the pipeline company’s stock after purchasing an additional 58,641 shares during the quarter. Antero Midstream makes up approximately 1.3% of Columbus Macro LLC’s holdings, making the stock its 14th largest holding. Columbus Macro LLC owned 0.12% of Antero Midstream worth $10,514,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in Antero Midstream in the 1st quarter worth about $529,000. Sequoia Financial Advisors LLC boosted its stake in Antero Midstream by 6.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,034 shares of the pipeline company’s stock worth $289,000 after buying an additional 975 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in Antero Midstream in the 1st quarter worth about $459,000. KBC Group NV boosted its stake in Antero Midstream by 18.5% in the 1st quarter. KBC Group NV now owns 17,628 shares of the pipeline company’s stock worth $317,000 after buying an additional 2,757 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Antero Midstream by 102.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,356 shares of the pipeline company’s stock worth $852,000 after buying an additional 23,922 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

Antero Midstream stock opened at $19.38 on Thursday. The stock’s 50 day moving average price is $18.43 and its 200 day moving average price is $18.00. The firm has a market capitalization of $9.27 billion, a PE ratio of 20.40 and a beta of 0.85. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03. Antero Midstream Corporation has a one year low of $14.22 and a one year high of $19.82.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $305.47 million for the quarter, compared to analyst estimates of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.Antero Midstream’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. As a group, sell-side 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 will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.6%. Antero Midstream’s dividend payout ratio is presently 94.74%.

Insider Transactions at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of Antero Midstream stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total transaction of $685,604.05. Following the sale, the insider directly owned 106,489 shares in the company, valued at $1,864,622.39. The trade was a 26.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AM shares. Wall Street Zen raised Antero Midstream from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Morgan Stanley raised their price target on Antero Midstream from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “buy (a-)” rating on shares of Antero Midstream in a research note on Wednesday. The Goldman Sachs Group lifted their price objective on Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a research note on Monday, August 18th. Finally, Wells Fargo & Company boosted their target price on Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.50.

About Antero Midstream

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.