First Trust Advisors LP Boosts Position in Antero Midstream Corporation $AM

First Trust Advisors LP raised its stake in Antero Midstream Corporation (NYSE:AM) by 9.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,407,356 shares of the pipeline company’s stock after buying an additional 117,879 shares during the period. First Trust Advisors LP’s holdings in Antero Midstream were worth $26,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Guggenheim Capital LLC raised its stake in shares of Antero Midstream by 16.0% during the second quarter. Guggenheim Capital LLC now owns 209,492 shares of the pipeline company’s stock valued at $3,970,000 after acquiring an additional 28,861 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Antero Midstream by 21.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,556 shares of the pipeline company’s stock worth $143,000 after purchasing an additional 1,323 shares during the period. PharVision Advisers LLC bought a new stake in Antero Midstream during the 2nd quarter valued at $269,000. Quantbot Technologies LP lifted its holdings in shares of Antero Midstream by 28.6% in the 2nd quarter. Quantbot Technologies LP now owns 315,874 shares of the pipeline company’s stock worth $5,986,000 after buying an additional 70,213 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Antero Midstream by 5.9% in the 2nd quarter. M&T Bank Corp now owns 18,106 shares of the pipeline company’s stock worth $344,000 after buying an additional 1,009 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Stock Down 2.1%

Shares of Antero Midstream stock opened at $18.20 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46. The company has a market cap of $8.67 billion, a P/E ratio of 18.57 and a beta of 0.82. The firm’s 50 day moving average price is $18.05 and its 200-day moving average price is $18.16. Antero Midstream Corporation has a 52-week low of $14.22 and a 52-week high of $19.82.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. The company had revenue of $294.82 million during the quarter, compared to the consensus estimate of $287.30 million. During the same period last year, the firm earned $0.21 earnings per share. Antero Midstream’s revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.9%. The ex-dividend date was Wednesday, October 22nd. Antero Midstream’s payout ratio is 91.84%.

Analysts Set New Price Targets

Several equities analysts have recently commented on AM shares. Weiss Ratings restated a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday. 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 research report on Wednesday, November 12th. The Goldman Sachs Group upped their price target on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Wall Street Zen downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Zacks Research downgraded shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Antero Midstream has a consensus rating of “Hold” and a consensus target price of $18.83.

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.