Barclays PLC Has $28.64 Million Position in Antero Midstream Corporation $AM

Barclays PLC cut its holdings in shares of Antero Midstream Corporation (NYSE:AM) by 14.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,473,414 shares of the pipeline company’s stock after selling 239,875 shares during the period. Barclays PLC owned about 0.31% of Antero Midstream worth $28,643,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AM. Bank of New York Mellon Corp grew its holdings in Antero Midstream by 22.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock worth $152,574,000 after acquiring an additional 1,430,138 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Antero Midstream by 40.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 504,755 shares of the pipeline company’s stock valued at $9,812,000 after purchasing an additional 146,300 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Antero Midstream by 21.0% during the 3rd quarter. American Century Companies Inc. now owns 3,081,943 shares of the pipeline company’s stock valued at $59,913,000 after purchasing an additional 535,245 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Antero Midstream in the third quarter worth approximately $2,676,000. Finally, Franklin Resources Inc. grew its position in shares of Antero Midstream by 54.3% during the 2nd quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock worth $11,637,000 after buying an additional 216,022 shares during the period. 53.97% of the stock is owned by institutional investors.

Insider Transactions at Antero Midstream

In other news, insider Sheri Pearce sold 14,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total transaction of $318,640.00. Following the transaction, the insider directly owned 99,900 shares in the company, valued at approximately $2,273,724. This represents a 12.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yvette K. Schultz sold 25,000 shares of Antero Midstream stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $22.81, for a total transaction of $570,250.00. Following the transaction, the insider directly owned 649,834 shares in the company, valued at $14,822,713.54. This trade represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 44,000 shares of company stock valued at $976,840. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Weiss Ratings raised shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, March 6th. Wells Fargo & Company boosted their target price on Antero Midstream from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Morgan Stanley upped their price target on Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group increased their price target on Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Finally, Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.33.

Antero Midstream Stock Up 2.4%

AM stock opened at $23.12 on Thursday. The stock has a market cap of $10.94 billion, a P/E ratio of 26.89 and a beta of 0.77. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 1.63. The stock’s fifty day simple moving average is $19.89 and its two-hundred day simple moving average is $18.75. Antero Midstream Corporation has a 1-year low of $15.07 and a 1-year high of $23.13.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The business had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $292.46 million. During the same period in the previous year, the business posted $0.23 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts expect that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Wednesday, January 28th. Antero Midstream’s dividend payout ratio (DPR) is 104.65%.

About Antero Midstream

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.