US Bancorp DE Purchases 610 Shares of Antero Midstream Corporation $AM

US Bancorp DE raised its stake in Antero Midstream Corporation (NYSE:AM) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,108 shares of the pipeline company’s stock after purchasing an additional 610 shares during the quarter. US Bancorp DE’s holdings in Antero Midstream were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Antero Midstream in the first quarter worth approximately $529,000. Sequoia Financial Advisors LLC raised its stake in shares of Antero Midstream by 6.5% in the first quarter. Sequoia Financial Advisors LLC now owns 16,034 shares of the pipeline company’s stock worth $289,000 after purchasing an additional 975 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of Antero Midstream in the first quarter worth approximately $459,000. KBC Group NV raised its stake in shares of Antero Midstream by 18.5% in the first quarter. KBC Group NV now owns 17,628 shares of the pipeline company’s stock worth $317,000 after purchasing an additional 2,757 shares during the last quarter. Finally, Diversified Trust Co purchased a new stake in shares of Antero Midstream in the first quarter worth approximately $495,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Stock Performance

NYSE:AM opened at $18.08 on Friday. 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 business has a fifty day simple moving average of $18.40 and a two-hundred day simple moving average of $18.01. Antero Midstream Corporation has a 1 year low of $14.22 and a 1 year high of $19.82. The company has a market capitalization of $8.65 billion, a P/E ratio of 19.03 and a beta of 0.85.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (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 business had revenue of $305.47 million during the quarter, compared to the consensus estimate of $292.70 million. During the same period last year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts expect that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Antero Midstream’s dividend payout ratio (DPR) is currently 94.74%.

Insider Transactions at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total value 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. This trade represents a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. 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 note on Friday, August 1st. Zacks Research downgraded Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. 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 note on Monday, August 18th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Antero Midstream in a research report on Wednesday, October 8th. Finally, Morgan Stanley increased their price target on Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.