Antero Midstream Corporation $AM Shares Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. boosted its position in Antero Midstream Corporation (NYSE:AM) by 29,625.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,887 shares of the pipeline company’s stock after buying an additional 33,773 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Antero Midstream were worth $642,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its position in shares of Antero Midstream by 58.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company’s stock worth $51,000 after acquiring an additional 1,000 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Antero Midstream by 401.4% during the second quarter. Geneos Wealth Management Inc. now owns 2,778 shares of the pipeline company’s stock worth $53,000 after purchasing an additional 2,224 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Antero Midstream by 41.2% in 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. Daiwa Securities Group Inc. bought a new stake in Antero Midstream during the second quarter valued at $123,000. Finally, Bayforest Capital Ltd increased its stake in Antero Midstream by 277.3% during the second quarter. Bayforest Capital Ltd now owns 6,542 shares of the pipeline company’s stock valued at $124,000 after purchasing an additional 4,808 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a report on Monday, December 8th. Zacks Research downgraded Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Morgan Stanley upped their target price on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. Finally, Wall Street Zen downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.83.

Antero Midstream Price Performance

NYSE AM opened at $17.96 on Monday. The company has a 50-day moving average price of $18.00 and a two-hundred day moving average price of $18.14. 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 $8.55 billion, a price-to-earnings ratio of 18.33 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.46.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Antero Midstream had a return on equity of 22.61% and a net margin of 40.07%.The business had revenue of $294.82 million during the quarter, compared to the consensus estimate of $287.30 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The business’s revenue was down 8.4% on a year-over-year basis. Analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Wednesday, October 22nd. Antero Midstream’s payout ratio is 91.84%.

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.