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

American Century Companies Inc. raised its holdings in shares of Antero Midstream Corporation (NYSE:AM) by 21.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,081,943 shares of the pipeline company’s stock after purchasing an additional 535,245 shares during the quarter. American Century Companies Inc.’s holdings in Antero Midstream were worth $59,913,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AM. Intech Investment Management LLC increased its stake in Antero Midstream by 116.1% in the 3rd quarter. Intech Investment Management LLC now owns 458,609 shares of the pipeline company’s stock worth $8,915,000 after buying an additional 246,384 shares during the period. Fox Run Management L.L.C. bought a new position in Antero Midstream in the 3rd quarter worth about $630,000. Kayne Anderson Capital Advisors LP increased its position in shares of Antero Midstream by 27.5% during the third quarter. Kayne Anderson Capital Advisors LP now owns 3,602,274 shares of the pipeline company’s stock worth $70,028,000 after acquiring an additional 776,851 shares during the period. AXQ Capital LP bought a new stake in shares of Antero Midstream during the third quarter valued at approximately $680,000. Finally, Compound Planning Inc. raised its stake in shares of Antero Midstream by 6.3% during the third quarter. Compound Planning Inc. now owns 39,694 shares of the pipeline company’s stock valued at $772,000 after acquiring an additional 2,342 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Stock Down 0.2%

NYSE:AM opened at $22.78 on Thursday. The company’s 50-day simple moving average is $19.39 and its 200-day simple moving average is $18.57. The company has a debt-to-equity ratio of 1.63, a quick ratio of 3.41 and a current ratio of 3.41. Antero Midstream Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $23.00. The stock has a market capitalization of $10.78 billion, a P/E ratio of 26.49 and a beta of 0.77.

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

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were paid a $0.225 dividend. The ex-dividend date was Wednesday, January 28th. This represents a $0.90 dividend on an annualized basis and a yield of 4.0%. Antero Midstream’s dividend payout ratio (DPR) is 104.65%.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total value of $87,950.00. Following the transaction, the director directly owned 72,622 shares of the company’s stock, valued at $1,277,420.98. This represents a 6.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. Morgan Stanley raised their price target on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group lifted their price objective on Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Finally, Wells Fargo & Company increased their target price on shares of Antero Midstream from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. One investment 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 company presently has a consensus rating of “Hold” and an average price target 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.