Antero Midstream Corporation $AM is Columbus Macro LLC’s 9th Largest Position

Columbus Macro LLC increased its position in Antero Midstream Corporation (NYSE:AM) by 21.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 672,155 shares of the pipeline company’s stock after purchasing an additional 117,320 shares during the period. Antero Midstream makes up approximately 1.5% of Columbus Macro LLC’s holdings, making the stock its 9th biggest position. Columbus Macro LLC owned 0.14% of Antero Midstream worth $13,067,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its holdings in Antero Midstream by 58.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company’s stock worth $51,000 after buying an additional 1,000 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Antero Midstream by 401.4% during the second quarter. Geneos Wealth Management Inc. now owns 2,778 shares of the pipeline company’s stock valued at $53,000 after acquiring an additional 2,224 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in Antero Midstream in the 2nd quarter worth approximately $123,000. Bayforest Capital Ltd lifted its position in 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 acquiring an additional 4,808 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in Antero Midstream by 36.9% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,907 shares of the pipeline company’s stock valued at $126,000 after acquiring an additional 1,861 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on AM shares. Wells Fargo & Company lifted their target price on Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday. Weiss Ratings reiterated a “buy (b+)” rating on shares of Antero Midstream in a report on Monday, December 22nd. Wall Street Zen cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Morgan Stanley raised their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. Finally, Zacks Research cut shares of 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 assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.17.

Antero Midstream Stock Down 0.9%

AM stock opened at $17.72 on Friday. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 18.08 and a beta of 0.82. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.26 and a current ratio of 1.26. The business’s 50-day moving average is $17.84 and its two-hundred day moving average is $18.08. Antero Midstream Corporation has a fifty-two week low of $14.94 and a fifty-two week high of $19.82.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, beating the consensus estimate 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 during 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 business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were given a $0.225 dividend. The ex-dividend date was Wednesday, October 22nd. This represents a $0.90 annualized dividend and a yield of 5.1%. Antero Midstream’s dividend payout ratio (DPR) is presently 91.84%.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total transaction of $87,950.00. Following the transaction, the director owned 72,622 shares in the company, valued at $1,277,420.98. This trade represents a 6.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Antero Midstream Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.