Antero Midstream Corporation $AM Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Antero Midstream Corporation (NYSE:AM) by 220.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 695,526 shares of the pipeline company’s stock after purchasing an additional 478,220 shares during the period. SG Americas Securities LLC owned 0.15% of Antero Midstream worth $13,180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AM. Tortoise Capital Advisors L.L.C. boosted its position in shares of Antero Midstream by 31.7% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company’s stock worth $167,614,000 after acquiring an additional 2,242,283 shares in the last quarter. Nuveen LLC purchased a new position in Antero Midstream in the first quarter valued at approximately $25,226,000. Goldman Sachs Group Inc. raised its holdings in Antero Midstream by 56.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock worth $69,739,000 after purchasing an additional 1,400,368 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Antero Midstream by 17.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,662,358 shares of the pipeline company’s stock worth $83,922,000 after buying an additional 697,234 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in shares of Antero Midstream by 24.4% in the 2nd quarter. Boston Trust Walden Corp now owns 3,543,536 shares of the pipeline company’s stock valued at $67,150,000 after buying an additional 695,233 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, insider Sheri Pearce sold 39,155 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total transaction of $685,604.05. Following the transaction, the insider owned 106,489 shares in the company, valued at approximately $1,864,622.39. The trade was a 26.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

AM has been the topic of several research analyst reports. 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. Morgan Stanley upped their target price on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Antero Midstream in a research report on Thursday. Wall Street Zen downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Zacks Research lowered shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.83.

Antero Midstream Trading Up 1.1%

NYSE:AM opened at $18.13 on Friday. Antero Midstream Corporation has a 12-month low of $14.22 and a 12-month high of $19.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. The stock’s 50 day simple moving average is $18.35 and its 200-day simple moving average is $18.17. The firm has a market cap of $8.63 billion, a P/E ratio of 18.50 and a beta of 0.88.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $294.82 million for the quarter, compared to analyst estimates of $287.30 million. Antero Midstream had a net margin of 40.07% and a return on equity of 22.53%. Antero Midstream’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. Equities analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

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

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.