Public Employees Retirement System of Ohio Invests $2.22 Million in Antero Midstream Corporation $AM

Public Employees Retirement System of Ohio bought a new position in Antero Midstream Corporation (NYSE:AM) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 97,531 shares of the pipeline company’s stock, valued at approximately $2,219,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in Antero Midstream during the second quarter valued at about $30,000. Larson Financial Group LLC raised its stake 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 worth $31,000 after buying an additional 708 shares during the period. Arax Advisory Partners lifted its position in shares of Antero Midstream by 83.9% during the 4th quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company’s stock valued at $31,000 after buying an additional 791 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of Antero Midstream during the 2nd quarter valued at about $38,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Antero Midstream by 219,900.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company’s stock valued at $39,000 after acquiring an additional 2,199 shares during the period. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Antero Midstream news, insider Sheri Pearce sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total transaction of $352,160.00. Following the completion of the transaction, the insider owned 83,900 shares in the company, valued at $1,846,639. This trade represents a 16.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Brooks Klimley sold 5,000 shares of Antero Midstream stock in a transaction that occurred 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 completion of the sale, the director directly owned 68,204 shares in the company, valued at approximately $1,450,699.08. The trade was a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AM has been the subject of several analyst reports. Weiss Ratings lowered shares of Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Wells Fargo & Company upped their price target on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group set a $24.00 price objective on shares of Antero Midstream in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $24.50.

Antero Midstream Price Performance

Shares of Antero Midstream stock opened at $22.61 on Monday. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 26.92 and a beta of 0.65. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83. The stock’s 50-day simple moving average is $22.31 and its 200-day simple moving average is $22.12. Antero Midstream Corporation has a 52 week low of $16.96 and a 52 week high of $23.83.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $327.24 million during the quarter, compared to analysts’ expectations of $326.43 million. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. As a group, analysts expect that Antero Midstream Corporation will post 1.09 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.90 dividend on an annualized basis and a yield of 4.0%. Antero Midstream’s dividend payout ratio is presently 107.14%.

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.