American Century Companies Inc. Purchases 361,272 Shares of Antero Midstream Corporation $AM

American Century Companies Inc. lifted its position in shares of Antero Midstream Corporation (NYSE:AM) by 16.5% during the second quarter, HoldingsChannel reports. The firm owned 2,546,698 shares of the pipeline company’s stock after buying an additional 361,272 shares during the quarter. American Century Companies Inc.’s holdings in Antero Midstream were worth $48,260,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AM. Franklin Resources Inc. boosted its stake in Antero Midstream by 54.3% in the 2nd quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock worth $11,637,000 after purchasing an additional 216,022 shares during the period. Legal & General Group Plc raised its holdings in Antero Midstream by 68.9% in the 2nd quarter. Legal & General Group Plc now owns 967,428 shares of the pipeline company’s stock valued at $18,333,000 after acquiring an additional 394,587 shares in the last quarter. Brandywine Global Investment Management LLC boosted its position in shares of Antero Midstream by 10.9% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 888,937 shares of the pipeline company’s stock worth $16,845,000 after acquiring an additional 87,316 shares in the last quarter. MAI Capital Management boosted its holdings in shares of Antero Midstream by 1.4% in the 2nd quarter. MAI Capital Management now owns 44,049 shares of the pipeline company’s stock valued at $835,000 after purchasing an additional 589 shares in the last quarter. Finally, Dorsey Wright & Associates raised its stake in Antero Midstream by 22.0% during the second quarter. Dorsey Wright & Associates now owns 18,743 shares of the pipeline company’s stock worth $355,000 after acquiring an additional 3,380 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AM. Wall Street Zen lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Wells Fargo & Company lifted their target price on Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a research note on Tuesday. The Goldman Sachs Group raised their target price on Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Finally, Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.83.

Antero Midstream Stock Performance

NYSE:AM opened at $18.01 on Friday. The business has a fifty day simple moving average of $18.22 and a two-hundred day simple moving average of $18.18. Antero Midstream Corporation has a 1 year low of $14.22 and a 1 year high of $19.82. 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 company has a market capitalization of $8.58 billion, a P/E ratio of 18.38 and a beta of 0.88.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Antero Midstream had a net margin of 40.07% and a return on equity of 22.53%. The business had revenue of $294.82 million for the quarter, compared to analysts’ expectations of $287.30 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts expect that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio is presently 91.84%.

Antero Midstream Company Profile

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.