LPL Financial LLC Grows Stock Position in Antero Midstream Corporation (NYSE:AM)

LPL Financial LLC increased its holdings in shares of Antero Midstream Corporation (NYSE:AM) by 11.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 355,245 shares of the pipeline company’s stock after buying an additional 36,468 shares during the quarter. LPL Financial LLC owned about 0.07% of Antero Midstream worth $6,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new position in shares of Antero Midstream in the 1st quarter valued at about $29,000. UMB Bank n.a. raised its holdings 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 valued at $62,000 after buying an additional 2,188 shares during the period. TD Waterhouse Canada Inc. raised its holdings 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 valued at $85,000 after buying an additional 963 shares during the period. GAMMA Investing LLC raised its holdings 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 valued at $154,000 after buying an additional 2,165 shares during the period. Finally, CWM LLC raised its holdings in shares of Antero Midstream by 7.1% during the 1st quarter. CWM LLC now owns 9,472 shares of the pipeline company’s stock valued at $170,000 after buying an additional 629 shares during the period. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley raised their target price on Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Wells Fargo & Company raised their target price on Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Finally, Wall Street Zen upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd.

Antero Midstream Price Performance

AM stock opened at $18.46 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. Antero Midstream Corporation has a 52-week low of $13.77 and a 52-week high of $19.08. The stock’s 50 day moving average is $18.06 and its two-hundred day moving average is $17.47. The company has a market capitalization of $8.84 billion, a PE ratio of 19.44 and a beta of 0.97.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%. The company had revenue of $305.47 million for the quarter, compared to the consensus estimate of $292.70 million. During the same period in the previous year, the business earned $0.23 EPS. Antero Midstream’s revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a yield of 4.9%. Antero Midstream’s payout ratio is currently 94.74%.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the transaction, the director owned 73,645 shares in the company, valued at approximately $1,390,417.60. This trade represents a 6.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by corporate insiders.

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.