Edgestream Partners L.P. Has $3.01 Million Stake in Antero Midstream Corporation $AM

Edgestream Partners L.P. lowered its holdings in shares of Antero Midstream Corporation (NYSE:AM) by 43.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,818 shares of the pipeline company’s stock after selling 123,836 shares during the period. Edgestream Partners L.P.’s holdings in Antero Midstream were worth $3,010,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AM. MAI Capital Management lifted its holdings in shares of Antero Midstream by 1.4% during the 2nd quarter. MAI Capital Management now owns 44,049 shares of the pipeline company’s stock worth $835,000 after acquiring an additional 589 shares during the period. US Bancorp DE raised its position in Antero Midstream by 1.6% in the second quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock worth $722,000 after purchasing an additional 610 shares in the last quarter. Commerce Bank lifted its stake in Antero Midstream by 5.0% during the first quarter. Commerce Bank now owns 16,739 shares of the pipeline company’s stock worth $301,000 after purchasing an additional 800 shares during the period. CWM LLC boosted its holdings in Antero Midstream by 8.8% during the second quarter. CWM LLC now owns 10,305 shares of the pipeline company’s stock valued at $195,000 after purchasing an additional 833 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Antero Midstream by 58.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company’s stock valued at $51,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

AM has been the subject of several analyst reports. Zacks Research downgraded Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a report on Monday. Wall Street Zen lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Morgan Stanley increased their target price on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 12th. Finally, The Goldman Sachs Group boosted their price target 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. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.83.

Antero Midstream Stock Performance

Shares of NYSE:AM opened at $18.22 on Friday. The business has a fifty day moving average of $18.13 and a 200-day moving average of $18.17. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.26 and a current ratio of 1.26. Antero Midstream Corporation has a twelve month low of $14.22 and a twelve month high of $19.82. The firm has a market cap of $8.68 billion, a PE ratio of 18.59 and a beta of 0.82.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. The firm had revenue of $294.82 million for the quarter, compared to analyst estimates of $287.30 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s revenue was down 8.4% on a year-over-year basis. On average, equities research analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $0.90 annualized dividend and a yield of 4.9%. Antero Midstream’s dividend payout ratio is currently 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.