KLP Kapitalforvaltning AS Has $1.52 Million Position in Antero Midstream Corporation $AM

KLP Kapitalforvaltning AS raised its position in Antero Midstream Corporation (NYSE:AM) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,200 shares of the pipeline company’s stock after buying an additional 1,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Antero Midstream were worth $1,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in Antero Midstream by 2.0% in the first quarter. Invesco Ltd. now owns 30,631,765 shares of the pipeline company’s stock valued at $551,372,000 after buying an additional 586,966 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in Antero Midstream by 31.7% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company’s stock valued at $167,614,000 after buying an additional 2,242,283 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Antero Midstream by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 9,147,525 shares of the pipeline company’s stock valued at $164,653,000 after buying an additional 34,596 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Antero Midstream by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 5,991,546 shares of the pipeline company’s stock valued at $107,848,000 after buying an additional 295,432 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Antero Midstream by 17.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,662,358 shares of the pipeline company’s stock valued at $83,922,000 after buying an additional 697,234 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Antero Midstream

In related news, insider Sheri Pearce sold 39,155 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the completion of the sale, the insider directly owned 106,489 shares of the company’s stock, valued at $1,864,622.39. The trade was a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.86% of the stock is currently owned by company insiders.

Antero Midstream Trading Down 0.2%

AM opened at $18.38 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 19.34 and a beta of 0.85. The firm has a 50 day simple moving average of $18.44 and a 200 day simple moving average of $18.01. Antero Midstream Corporation has a fifty-two week low of $14.22 and a fifty-two week high of $19.82.

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. The business had revenue of $305.47 million during the quarter, compared to the consensus estimate of $292.70 million. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. Antero Midstream’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, sell-side analysts anticipate that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, October 22nd. Antero Midstream’s payout ratio is 94.74%.

Analyst Ratings Changes

A number of equities analysts have commented on AM shares. Zacks Research lowered shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Wall Street Zen upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Morgan Stanley upped their target price on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Antero Midstream in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their target price on shares of 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 equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.50.

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.