Amundi Boosts Stock Position in Antero Midstream Corporation $AM

Amundi grew its stake in Antero Midstream Corporation (NYSE:AM) by 3,121.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,913 shares of the pipeline company’s stock after purchasing an additional 122,005 shares during the period. Amundi’s holdings in Antero Midstream were worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Perbak Capital Partners LLP purchased a new stake in shares of Antero Midstream in the first quarter valued at approximately $363,000. PDT Partners LLC grew its position in shares of Antero Midstream by 43.9% in the first quarter. PDT Partners LLC now owns 570,672 shares of the pipeline company’s stock valued at $10,272,000 after purchasing an additional 174,162 shares in the last quarter. Royal Bank of Canada grew its position in shares of Antero Midstream by 0.8% in the first quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock valued at $3,256,000 after purchasing an additional 1,371 shares in the last quarter. Brasada Capital Management LP purchased a new stake in shares of Antero Midstream in the first quarter valued at approximately $540,000. Finally, Baird Financial Group Inc. grew its position in shares of Antero Midstream by 9.0% in the first quarter. Baird Financial Group Inc. now owns 18,117 shares of the pipeline company’s stock valued at $326,000 after purchasing an additional 1,500 shares in the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AM. Wall Street Zen upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Zacks Research upgraded Antero Midstream from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. The Goldman Sachs Group increased their price objective on Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Morgan Stanley increased their price objective on Antero Midstream from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company increased their price objective on Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.50.

Antero Midstream Stock Up 0.5%

NYSE:AM opened at $18.47 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. The stock’s fifty day moving average is $17.83 and its two-hundred day moving average is $17.72. Antero Midstream Corporation has a 52 week low of $14.22 and a 52 week high of $19.08. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 19.44 and a beta of 0.92.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $292.70 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. Research analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

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

Insider Buying and Selling

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the company’s stock in a transaction 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 directly owned 106,489 shares in the company, valued at $1,864,622.39. This represents a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is owned by company insiders.

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.