American Century Companies Inc. Grows Stock Holdings in Antero Midstream Corporation $AM

American Century Companies Inc. boosted its holdings in Antero Midstream Corporation (NYSE:AM) by 21.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,081,943 shares of the pipeline company’s stock after buying an additional 535,245 shares during the period. American Century Companies Inc. owned 0.65% of Antero Midstream worth $59,913,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Antero Midstream by 22.3% during the third 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 last quarter. Oppenheimer & Co. Inc. boosted its holdings 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 during the last quarter. Franklin Resources Inc. boosted its holdings 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 valued at $11,637,000 after purchasing an additional 216,022 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Antero Midstream in the third quarter worth about $2,676,000. Finally, Boston Trust Walden Corp lifted its position in shares of Antero Midstream by 5.5% in the third quarter. Boston Trust Walden Corp now owns 3,738,016 shares of the pipeline company’s stock worth $72,667,000 after buying an additional 194,480 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Insider Activity

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total transaction of $87,950.00. Following the completion of the transaction, the director owned 72,622 shares in the company, valued at $1,277,420.98. The trade was a 6.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by company insiders.

Antero Midstream Stock Down 0.2%

Shares of AM opened at $22.78 on Thursday. 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 has a fifty day moving average of $19.39 and a 200 day moving average of $18.57. The company has a market cap of $10.78 billion, a PE ratio of 26.49 and a beta of 0.77. Antero Midstream Corporation has a 52-week low of $15.07 and a 52-week high of $23.00.

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

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders 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 yield of 4.0%. Antero Midstream’s dividend payout ratio (DPR) is presently 104.65%.

Analysts Set New Price Targets

Several research firms have weighed in on AM. The Goldman Sachs Group raised their price target on Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Wells Fargo & Company increased 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 raised their target price 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. Weiss Ratings restated a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $21.33.

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.