Chickasaw Capital Management LLC Buys 147,250 Shares of Antero Midstream Corporation $AM

Chickasaw Capital Management LLC grew its stake in shares of Antero Midstream Corporation (NYSE:AM) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,409,183 shares of the pipeline company’s stock after acquiring an additional 147,250 shares during the quarter. Antero Midstream comprises about 1.0% of Chickasaw Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Chickasaw Capital Management LLC owned 0.30% of Antero Midstream worth $25,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Antero Midstream by 0.3% during the third quarter. Vanguard Group Inc. now owns 37,213,184 shares of the pipeline company’s stock valued at $723,424,000 after purchasing an additional 124,102 shares during the period. Dimensional Fund Advisors LP grew its position in Antero Midstream by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,224,028 shares of the pipeline company’s stock worth $179,316,000 after purchasing an additional 71,606 shares during the period. Bank of New York Mellon Corp grew its position in Antero Midstream by 22.3% in 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 purchasing an additional 1,430,138 shares during the period. Norges Bank purchased a new stake in Antero Midstream during the 2nd quarter valued at $80,504,000. Finally, Goldman Sachs Group Inc. raised its stake in Antero Midstream by 56.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock valued at $69,739,000 after buying an additional 1,400,368 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Trading Up 1.4%

Shares of Antero Midstream stock opened at $22.98 on Tuesday. The company’s fifty day simple moving average is $20.76 and its 200-day simple moving average is $19.05. The stock has a market capitalization of $10.87 billion, a PE ratio of 26.72 and a beta of 0.77. Antero Midstream Corporation has a 1-year low of $15.07 and a 1-year high of $23.35. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41.

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

Antero Midstream Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AM. Wells Fargo & Company raised their price target on Antero Midstream from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. The Goldman Sachs Group increased their target price on Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings raised Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, March 6th. One investment 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Insider Activity

In related news, insider Yvette K. Schultz sold 25,000 shares of the business’s 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 completion of the transaction, the insider directly owned 649,834 shares in the company, valued at approximately $14,822,713.54. The trade was a 3.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sheri Pearce sold 14,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total transaction of $318,640.00. Following the completion of the sale, the insider directly owned 99,900 shares of the company’s stock, valued at $2,273,724. This represents a 12.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,000 shares of company stock valued at $1,004,690 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

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.