Columbus Macro LLC Has $13.13 Million Stock Position in Antero Midstream Corporation $AM

Columbus Macro LLC raised its position in Antero Midstream Corporation (NYSE:AM) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 737,913 shares of the pipeline company’s stock after purchasing an additional 65,758 shares during the quarter. Antero Midstream makes up approximately 1.4% of Columbus Macro LLC’s holdings, making the stock its 12th biggest position. Columbus Macro LLC owned about 0.15% of Antero Midstream worth $13,127,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Richardson Financial Services Inc. lifted its holdings in shares of Antero Midstream by 330.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock valued at $25,000 after buying an additional 994 shares during the last quarter. Root Financial Partners LLC acquired a new position in Antero Midstream in the third quarter worth approximately $25,000. Quent Capital LLC bought a new position in Antero Midstream during the third quarter valued at approximately $28,000. Elevation Wealth Partners LLC bought a new position in Antero Midstream during the fourth quarter valued at approximately $27,000. Finally, Global Retirement Partners LLC lifted its stake in Antero Midstream by 33.3% in the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock valued at $44,000 after acquiring an additional 565 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Trading Up 0.1%

Shares of AM stock opened at $23.21 on Monday. Antero Midstream Corporation has a 12 month low of $15.07 and a 12 month high of $23.83. The company has a market cap of $10.98 billion, a PE ratio of 26.99 and a beta of 0.77. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 1.63. The business’s 50 day moving average is $21.20 and its two-hundred day moving average is $19.19.

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

Antero Midstream Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on AM. The Goldman Sachs Group increased their price target on shares of Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Zacks Research lowered shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings upgraded shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, March 6th. UBS Group increased their target price on shares of Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 25th. Finally, Wells Fargo & Company raised their target price on Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.50.

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 dated Thursday, March 12th. The stock was sold at an average price of $23.16, for a total value of $115,800.00. Following the transaction, the director directly owned 69,680 shares in the company, valued at approximately $1,613,788.80. The trade was a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sheri Pearce sold 14,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total value of $318,640.00. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 44,000 shares of company stock worth $1,004,690 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Antero Midstream Company 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.