Antero Midstream Corporation $AM Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP reduced its holdings in Antero Midstream Corporation (NYSE:AM) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,825,423 shares of the pipeline company’s stock after selling 118,201 shares during the period. Antero Midstream makes up 1.2% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 17th biggest position. Kayne Anderson Capital Advisors LP owned 0.59% of Antero Midstream worth $53,542,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transce3nd LLC purchased a new position in shares of Antero Midstream in the first quarter worth about $29,000. Brooklyn Investment Group raised its stake in Antero Midstream by 41.2% during the first quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company’s stock worth $82,000 after purchasing an additional 1,328 shares during the period. Bayforest Capital Ltd raised its stake in shares of Antero Midstream by 277.3% in the 2nd quarter. Bayforest Capital Ltd now owns 6,542 shares of the pipeline company’s stock valued at $124,000 after acquiring an additional 4,808 shares during the period. CWM LLC raised its stake in shares of Antero Midstream by 7.1% in the 1st quarter. CWM LLC now owns 9,472 shares of the pipeline company’s stock valued at $170,000 after acquiring an additional 629 shares during the period. Finally, Burney Co. purchased a new stake in shares of Antero Midstream in the 2nd quarter valued at approximately $193,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Stock Performance

Shares of AM opened at $17.25 on Thursday. 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 company has a 50-day simple moving average of $18.36 and a 200-day simple moving average of $18.12. Antero Midstream Corporation has a 52-week low of $14.22 and a 52-week high of $19.82. The company has a market capitalization of $8.21 billion, a PE ratio of 17.60 and a beta of 0.88.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, October 29th. The pipeline company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $294.82 million for the quarter, compared to analysts’ expectations of $287.30 million. Antero Midstream had a return on equity of 22.53% and a net margin of 40.07%.The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. Equities research analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $0.90 annualized dividend and a dividend yield of 5.2%. Antero Midstream’s dividend payout ratio (DPR) is currently 91.84%.

Insider Activity

In related news, insider Sheri Pearce sold 39,155 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total value of $685,604.05. Following the sale, the insider directly owned 106,489 shares of the company’s stock, valued at approximately $1,864,622.39. This trade represents a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AM. Morgan Stanley upped their target price on shares of 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 reiterated a “buy (a-)” rating on shares of Antero Midstream in a report on Wednesday, October 8th. The Goldman Sachs Group upped their target price on shares of Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a report on Monday, August 18th. Zacks Research cut shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, Wall Street Zen cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.50.

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.