Antero Midstream Corporation $AM Stock Holdings Cut by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its position in shares of Antero Midstream Corporation (NYSE:AM) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,705,697 shares of the pipeline company’s stock after selling 32,319 shares during the quarter. Boston Trust Walden Corp owned about 0.78% of Antero Midstream worth $65,924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AM. Bank of New York Mellon Corp lifted its position in shares of 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 valued at $152,574,000 after acquiring an additional 1,430,138 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of 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 acquiring an additional 1,400,368 shares during the last quarter. SIR Capital Management L.P. lifted its position in shares of Antero Midstream by 1,086.9% during the 3rd quarter. SIR Capital Management L.P. now owns 1,383,349 shares of the pipeline company’s stock valued at $26,892,000 after acquiring an additional 1,266,794 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Antero Midstream during the 2nd quarter valued at $20,044,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Antero Midstream during the 2nd quarter valued at $18,811,000. 53.97% of the stock is owned by institutional investors.

Antero Midstream Price Performance

AM opened at $20.65 on Wednesday. The stock has a fifty day moving average of $22.29 and a 200-day moving average of $19.56. The firm has a market capitalization of $9.77 billion, a P/E ratio of 24.01 and a beta of 0.75. Antero Midstream Corporation has a 12-month low of $16.24 and a 12-month high of $23.83. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 1.63.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, February 11th. The pipeline company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). 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 quarter in the previous year, the company earned $0.23 EPS. Equities analysts forecast that Antero Midstream Corporation will post 1.14 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Wednesday, April 29th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, April 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.4%. Antero Midstream’s dividend payout ratio is presently 104.65%.

Insider Activity

In other news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $23.16, for a total value of $115,800.00. Following the completion of the sale, the director owned 69,680 shares in the company, valued at $1,613,788.80. This represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Yvette K. Schultz sold 25,000 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $22.81, for a total value of $570,250.00. Following the completion of the sale, the insider owned 649,834 shares of the company’s stock, valued at $14,822,713.54. The trade was a 3.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,000 shares of company stock worth $1,004,690 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.