Charles Schwab Investment Management Inc. Grows Holdings in Antero Midstream Corporation (NYSE:AM)

Charles Schwab Investment Management Inc. boosted its holdings in Antero Midstream Corporation (NYSE:AM) by 0.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,839,780 shares of the pipeline company’s stock after purchasing an additional 11,465 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.80% of Antero Midstream worth $69,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Transce3nd LLC acquired a new position in Antero Midstream in the 1st quarter valued at $29,000. UMB Bank n.a. increased its stake in Antero Midstream by 170.8% in 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. increased its stake in Antero Midstream by 20.5% in 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 increased its stake in Antero Midstream by 34.0% in 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, EP Wealth Advisors LLC acquired a new position in shares of Antero Midstream during the 4th quarter worth $159,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the sale, the director directly owned 73,645 shares in the company, valued at $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 is available at this hyperlink. 0.86% of the stock is owned by corporate insiders.

Antero Midstream Stock Performance

NYSE:AM opened at $18.21 on Friday. 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 fifty-two week low of $14.06 and a fifty-two week high of $19.08. The stock has a market cap of $8.71 billion, a PE ratio of 19.16 and a beta of 0.97. The firm’s fifty day simple moving average is $18.04 and its 200-day simple moving average is $17.50.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, topping 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 business had revenue of $305.47 million for the quarter, compared to analysts’ expectations of $292.70 million. During the same period in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts expect 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. Investors of record on Wednesday, July 23rd were given a $0.225 dividend. The ex-dividend date was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. Antero Midstream’s payout ratio is currently 94.74%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AM. Wells Fargo & Company upped 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 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. Finally, Wall Street Zen raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd.

Antero Midstream 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.