10,200 Shares in Antero Midstream Corporation $AM Acquired by Burney Co.

Burney Co. bought a new stake in shares of Antero Midstream Corporation (NYSE:AM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,200 shares of the pipeline company’s stock, valued at approximately $193,000.

Several other institutional investors have also recently made changes to their positions in AM. Allspring Global Investments Holdings LLC purchased a new position in shares of Antero Midstream in the first quarter valued at $529,000. Bank of New York Mellon Corp boosted its stake in Antero Midstream by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 5,991,546 shares of the pipeline company’s stock worth $107,848,000 after purchasing an additional 295,432 shares during the period. Envestnet Asset Management Inc. grew its holdings in Antero Midstream by 12.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 553,317 shares of the pipeline company’s stock valued at $9,960,000 after buying an additional 60,582 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in Antero Midstream during the 1st quarter valued at about $631,000. Finally, Alps Advisors Inc. increased its position in shares of Antero Midstream by 22.2% during the first quarter. Alps Advisors Inc. now owns 1,228,566 shares of the pipeline company’s stock valued at $22,114,000 after buying an additional 223,487 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AM. Morgan Stanley raised their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group boosted their price target on shares of Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a research report on Monday, August 18th. Wall Street Zen cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of Antero Midstream in a research note on Wednesday, October 8th. One investment 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 stock. According to data from MarketBeat.com, Antero Midstream has a consensus rating of “Hold” and an average price target of $18.50.

Antero Midstream Stock Up 0.0%

Shares of NYSE:AM opened at $17.25 on Friday. The stock has a market capitalization of $8.21 billion, a P/E ratio of 17.60 and a beta of 0.88. The stock’s 50-day moving average price is $18.35 and its 200-day moving average price is $18.12. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. Antero Midstream Corporation has a 12-month low of $14.22 and a 12-month high of $19.82.

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

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio is currently 91.84%.

Insider Buying and Selling

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the completion of the sale, the insider owned 106,489 shares of the company’s stock, valued at $1,864,622.39. This represents a 26.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.86% of the stock is owned by corporate insiders.

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.