Antero Midstream Corporation $AM Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its stake in Antero Midstream Corporation (NYSE:AM) by 71.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 273,772 shares of the pipeline company’s stock after buying an additional 113,696 shares during the quarter. Janus Henderson Group PLC’s holdings in Antero Midstream were worth $6,242,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AM. Arax Advisory Partners increased its stake in Antero Midstream by 83.9% during the 4th quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company’s stock worth $31,000 after buying an additional 791 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Antero Midstream by 68.1% in the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 708 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Antero Midstream by 36.4% in the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock worth $46,000 after acquiring an additional 537 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Antero Midstream by 219,900.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company’s stock worth $39,000 after acquiring an additional 2,199 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of 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 in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the sale, the director owned 68,204 shares in the company, valued at $1,450,699.08. The trade was a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sheri Pearce sold 16,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the completion of the transaction, the insider directly owned 83,900 shares in the company, valued at approximately $1,846,639. This trade represents a 16.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Antero Midstream Price Performance

Antero Midstream stock opened at $21.48 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. The company has a 50-day moving average price of $22.03 and a 200 day moving average price of $21.67. Antero Midstream Corporation has a 12-month low of $16.96 and a 12-month high of $23.83. The stock has a market cap of $10.20 billion, a P/E ratio of 25.58 and a beta of 0.65.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, July 29th. This represents a $0.90 dividend on an annualized basis and a yield of 4.2%. Antero Midstream’s dividend payout ratio is currently 107.14%.

Analysts Set New Price Targets

AM has been the topic of a number of research reports. Morgan Stanley upgraded Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price objective on the stock in a report on Wednesday, April 22nd. The Goldman Sachs Group set a $24.00 price objective on shares of Antero Midstream in a report on Tuesday, July 14th. Weiss Ratings lowered shares of Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday. Finally, Wells Fargo & Company upped their price target on Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Antero Midstream currently has a consensus rating of “Hold” and an average price target of $24.50.

About Antero Midstream

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.