Waterloo Capital L.P. Raises Stock Position in Antero Midstream Corporation $AM

Waterloo Capital L.P. boosted its holdings in shares of Antero Midstream Corporation (NYSE:AM) by 14.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,556 shares of the pipeline company’s stock after purchasing an additional 21,863 shares during the period. Waterloo Capital L.P.’s holdings in Antero Midstream were worth $3,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Antero Midstream by 2.0% during the 1st quarter. Invesco Ltd. now owns 30,631,765 shares of the pipeline company’s stock valued at $551,372,000 after buying an additional 586,966 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in Antero Midstream by 31.7% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company’s stock worth $167,614,000 after acquiring an additional 2,242,283 shares during the period. Dimensional Fund Advisors LP raised its position in Antero Midstream by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,147,525 shares of the pipeline company’s stock valued at $164,653,000 after acquiring an additional 34,596 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Antero Midstream by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 6,418,323 shares of the pipeline company’s stock valued at $121,627,000 after acquiring an additional 426,777 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Antero Midstream by 17.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,662,358 shares of the pipeline company’s stock worth $83,922,000 after purchasing an additional 697,234 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on AM shares. Wall Street Zen downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research lowered shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. The Goldman Sachs Group raised their target price on Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a research report on Monday, August 18th. Wells Fargo & Company upped their price target on Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Finally, Morgan Stanley increased their price target on Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.83.

Antero Midstream Trading Up 0.1%

Shares of AM opened at $17.72 on Friday. Antero Midstream Corporation has a 52-week low of $14.22 and a 52-week high of $19.82. The stock has a market cap of $8.44 billion, a PE ratio of 18.08 and a beta of 0.88. The firm’s fifty day moving average is $18.29 and its two-hundred day moving average is $18.19. 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 results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $294.82 million for the quarter, compared to the consensus estimate 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 for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. Research analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio (DPR) is currently 91.84%.

Antero Midstream 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.