Teacher Retirement System of Texas Grows Stake in Antero Midstream Corporation $AM

Teacher Retirement System of Texas grew its holdings in Antero Midstream Corporation (NYSE:AM) by 6.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 77,367 shares of the pipeline company’s stock after acquiring an additional 4,838 shares during the quarter. Teacher Retirement System of Texas’ holdings in Antero Midstream were worth $1,466,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Transce3nd LLC acquired a new stake in shares of Antero Midstream in the 1st quarter valued at about $29,000. Brooklyn Investment Group boosted its position in shares of Antero Midstream by 41.2% in the 1st quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company’s stock valued at $82,000 after purchasing an additional 1,328 shares during the period. Bayforest Capital Ltd boosted its position in shares of Antero Midstream by 277.3% in the 2nd quarter. Bayforest Capital Ltd now owns 6,542 shares of the pipeline company’s stock valued at $124,000 after purchasing an additional 4,808 shares during the period. CWM LLC boosted its position in shares of Antero Midstream by 7.1% in the 1st quarter. CWM LLC now owns 9,472 shares of the pipeline company’s stock valued at $170,000 after purchasing an additional 629 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in shares of Antero Midstream in the 2nd quarter valued at about $203,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “buy (a-)” rating on shares of Antero Midstream in a research report on Wednesday, October 8th. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Morgan Stanley upped their target price on Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. 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. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Antero Midstream currently has a consensus rating of “Hold” and an average price target of $18.50.

Insider Activity

In other news, insider Sheri Pearce sold 39,155 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 106,489 shares of the company’s stock, valued at approximately $1,864,622.39. This represents a 26.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Antero Midstream Stock Down 1.5%

Antero Midstream stock opened at $17.21 on Wednesday. Antero Midstream Corporation has a twelve month low of $14.22 and a twelve month high of $19.82. The stock has a 50 day moving average of $18.37 and a two-hundred day moving average of $18.13. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 17.56 and a beta of 0.85.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $294.82 million for the quarter, compared to analyst estimates of $287.30 million. Antero Midstream had a return on equity of 22.53% and a net margin of 40.07%.The firm’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 earnings per share. As a group, research analysts expect that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders 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 5.2%. The ex-dividend date of this dividend is Wednesday, October 22nd. Antero Midstream’s dividend payout ratio is 91.84%.

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.