Antero Midstream Corporation (NYSE:AM) Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in Antero Midstream Corporation (NYSE:AM) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 699,400 shares of the pipeline company’s stock after selling 10,500 shares during the quarter. Swiss National Bank’s holdings in Antero Midstream were worth $12,589,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AM. Maryland State Retirement & Pension System boosted its stake in shares of Antero Midstream by 0.9% during the 1st quarter. Maryland State Retirement & Pension System now owns 299,965 shares of the pipeline company’s stock worth $5,399,000 after acquiring an additional 2,642 shares in the last quarter. Deutsche Bank AG increased its stake in Antero Midstream by 20.4% in the 1st quarter. Deutsche Bank AG now owns 219,923 shares of the pipeline company’s stock worth $3,959,000 after purchasing an additional 37,315 shares in the last quarter. Ontario Teachers Pension Plan Board raised its holdings in Antero Midstream by 176.9% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 68,385 shares of the pipeline company’s stock worth $1,231,000 after buying an additional 43,686 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Antero Midstream by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,839,780 shares of the pipeline company’s stock valued at $69,116,000 after buying an additional 11,465 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in shares of Antero Midstream by 14.4% in the first quarter. Westwood Holdings Group Inc. now owns 2,456,235 shares of the pipeline company’s stock worth $44,212,000 after acquiring an additional 308,637 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AM. Morgan Stanley upped their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Wells Fargo & Company raised their target price on Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd.

Insider Transactions at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the transaction, the director owned 73,645 shares in the company, valued at $1,390,417.60. The trade was a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.86% of the company’s stock.

Antero Midstream Price Performance

NYSE AM opened at $18.21 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 19.16 and a beta of 0.97. The company has a 50 day simple moving average of $18.04 and a 200-day simple moving average of $17.50. Antero Midstream Corporation has a 52-week low of $14.06 and a 52-week high of $19.08.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The firm had revenue of $305.47 million for the quarter, compared to analyst estimates of $292.70 million. During the same quarter in the prior year, the business earned $0.23 EPS. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. Antero Midstream’s dividend payout ratio (DPR) is presently 94.74%.

About Antero Midstream

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.