Versor Investments LP Buys 24,000 Shares of Antero Midstream Corporation $AM

Versor Investments LP boosted its stake in Antero Midstream Corporation (NYSE:AM) by 53.0% in the first quarter, HoldingsChannel reports. The firm owned 69,300 shares of the pipeline company’s stock after acquiring an additional 24,000 shares during the period. Versor Investments LP’s holdings in Antero Midstream were worth $1,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AM. Transce3nd LLC purchased a new position in shares of Antero Midstream during the 1st quarter worth $29,000. UMB Bank n.a. boosted its stake in shares of Antero Midstream by 170.8% during the 1st quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company’s stock worth $62,000 after acquiring an additional 2,188 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock worth $85,000 after acquiring an additional 963 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Antero Midstream by 34.0% during the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company’s stock worth $154,000 after acquiring an additional 2,165 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of Antero Midstream during the 4th quarter worth $159,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Down 1.6%

AM opened at $17.91 on Monday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03. Antero Midstream Corporation has a fifty-two week low of $14.06 and a fifty-two week high of $19.08. The firm’s fifty day moving average is $18.02 and its 200 day moving average is $17.53. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 18.85 and a beta of 0.97.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The company had revenue of $305.47 million for the quarter, compared to analysts’ expectations of $292.70 million. During the same quarter in the previous year, the company earned $0.23 EPS. Antero Midstream’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, sell-side analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, July 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.0%. Antero Midstream’s payout ratio is 94.74%.

Analyst Upgrades and Downgrades

AM has been the topic of several analyst reports. Wall Street Zen upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Finally, Morgan Stanley lifted their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the transaction, the director owned 73,645 shares in the company, valued at approximately $1,390,417.60. The trade was a 6.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.

Antero Midstream Company 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.