Quantbot Technologies LP acquired a new position in Antero Midstream Corporation (NYSE:AM – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 253,117 shares of the pipeline company’s stock, valued at approximately $5,758,000. Quantbot Technologies LP owned 0.05% of Antero Midstream as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of AM. Landscape Capital Management L.L.C. purchased a new position in Antero Midstream during the second quarter worth approximately $611,000. EP Wealth Advisors LLC purchased a new position in shares of Antero Midstream during the 2nd quarter valued at approximately $220,000. Callan Family Office LLC purchased a new position in shares of Antero Midstream during the 2nd quarter valued at approximately $420,000. Allworth Financial LP acquired a new stake in Antero Midstream in the 2nd quarter valued at $379,000. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in Antero Midstream in the 2nd quarter valued at $49,883,000. 53.97% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, insider Sheri Pearce sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the transaction, the insider directly owned 83,900 shares of the company’s stock, valued at approximately $1,846,639. This trade represents a 16.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $21.27, for a total transaction of $106,350.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.
Antero Midstream Stock Performance
Antero Midstream (NYSE:AM – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The firm had revenue of $327.24 million during the quarter, compared to analysts’ expectations of $326.43 million. During the same period in the previous year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts anticipate that Antero Midstream Corporation will post 1.09 EPS for the current fiscal year.
Antero Midstream Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, July 29th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, July 29th. Antero Midstream’s payout ratio is 107.14%.
Analysts Set New Price Targets
A number of research firms have weighed in on AM. Weiss Ratings cut shares of Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. The Goldman Sachs Group set a $24.00 target price on shares of Antero Midstream in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company boosted their target price on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.50.
Check Out Our Latest Research Report on AM
Key Headlines Impacting Antero Midstream
Here are the key news stories impacting Antero Midstream this week:
- Positive Sentiment: Zacks raised its estimates for multiple periods, including Q3 and Q4 2026, Q1 and Q2 2027, Q4 2027, and Q1 and Q2 2028. The firm also increased its full-year EPS forecasts to $1.17 for 2027 from $1.16 and $1.23 for 2028 from $1.21. Antero Midstream analyst estimates
- Positive Sentiment: The revisions included a higher Q3 2026 estimate of $0.27 EPS, up from $0.26, and a higher Q4 2026 estimate of $0.27, up from $0.26. Estimates for Q1 2027, Q2 2027, Q4 2027, Q1 2028 and Q2 2028 were also raised by $0.01 to $0.02 per share.
- Neutral Sentiment: The current-year consensus EPS estimate remains $1.09. AM recently reported quarterly EPS of $0.27, in line with expectations, while revenue rose 7.1% year over year to $327.2 million.
- Negative Sentiment: Zacks lowered its Q3 2027 EPS forecast to $0.27 from $0.30, indicating that the positive revisions are not uniform across the forecast period.
Antero Midstream Profile
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.
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