Allworth Financial LP Raises Holdings in Antero Midstream Corporation $AM

Allworth Financial LP increased its holdings in Antero Midstream Corporation (NYSE:AM) by 89.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,598 shares of the pipeline company’s stock after acquiring an additional 4,539 shares during the quarter. Allworth Financial LP’s holdings in Antero Midstream were worth $182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brooklyn Investment Group raised its holdings in Antero Midstream by 41.2% in the first quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company’s stock worth $82,000 after purchasing an additional 1,328 shares in the last quarter. Bayforest Capital Ltd boosted its position in Antero Midstream by 277.3% in the second quarter. Bayforest Capital Ltd now owns 6,542 shares of the pipeline company’s stock valued at $124,000 after buying an additional 4,808 shares during the last quarter. CWM LLC increased its holdings in Antero Midstream by 7.1% in the 1st quarter. CWM LLC now owns 9,472 shares of the pipeline company’s stock worth $170,000 after buying an additional 629 shares during the period. Burney Co. purchased a new position in Antero Midstream during the 2nd quarter worth approximately $193,000. Finally, Innealta Capital LLC purchased a new position in Antero Midstream during the 2nd quarter worth approximately $196,000. Institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “buy (b+)” rating on shares of Antero Midstream in a research note on Thursday, November 13th. The Goldman Sachs Group boosted their target price on shares of Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a research report on Monday, August 18th. Morgan Stanley increased their price target on Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 12th. Wells Fargo & Company lifted their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Finally, Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.83.

Antero Midstream Stock Up 0.3%

Shares of AM opened at $17.87 on Wednesday. The firm has a market cap of $8.51 billion, a P/E ratio of 18.23 and a beta of 0.88. Antero Midstream Corporation has a 12 month low of $14.22 and a 12 month high of $19.82. The stock’s 50 day moving average is $18.34 and its two-hundred day moving average is $18.19. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. Antero Midstream had a return on equity of 22.53% and a net margin of 40.07%.The business had revenue of $294.82 million during the quarter, compared to the consensus estimate of $287.30 million. During the same period in the prior year, the company posted $0.21 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio (DPR) is presently 91.84%.

Antero Midstream Company 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.