Columbus Macro LLC Acquires 65,758 Shares of Antero Midstream Corporation $AM

Columbus Macro LLC lifted its stake in Antero Midstream Corporation (NYSE:AM) by 9.8% during the 4th quarter, HoldingsChannel reports. The fund owned 737,913 shares of the pipeline company’s stock after buying an additional 65,758 shares during the period. Antero Midstream comprises approximately 1.4% of Columbus Macro LLC’s portfolio, making the stock its 12th biggest holding. Columbus Macro LLC’s holdings in Antero Midstream were worth $13,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AM. Richardson Financial Services Inc. raised its stake in Antero Midstream by 330.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 994 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Antero Midstream during the 3rd quarter worth about $25,000. Quent Capital LLC bought a new position in shares of Antero Midstream during the 3rd quarter worth about $28,000. Elevation Wealth Partners LLC acquired a new position in shares of Antero Midstream during the fourth quarter valued at about $27,000. Finally, Global Retirement Partners LLC lifted its stake in shares of Antero Midstream by 33.3% in the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock valued at $44,000 after buying an additional 565 shares during the period. Institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AM. The Goldman Sachs Group boosted their price target on Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Wells Fargo & Company raised their price objective on Antero Midstream from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. UBS Group lifted their price objective on Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, March 25th. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.50.

Antero Midstream Stock Performance

NYSE AM opened at $23.21 on Monday. The stock has a market cap of $10.98 billion, a P/E ratio of 26.99 and a beta of 0.77. The company’s 50-day simple moving average is $21.20 and its 200 day simple moving average is $19.19. Antero Midstream Corporation has a twelve month low of $15.07 and a twelve month high of $23.83. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 1.63.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, February 11th. The pipeline company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $297.00 million during the quarter, compared to analysts’ expectations of $292.46 million. Antero Midstream had a net margin of 34.77% and a return on equity of 20.12%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. As a group, research analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Wednesday, January 28th. Antero Midstream’s dividend payout ratio (DPR) is 104.65%.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 14,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total value of $318,640.00. Following the sale, the insider owned 99,900 shares of the company’s stock, valued at $2,273,724. The trade was a 12.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Yvette K. Schultz sold 25,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $22.81, for a total value of $570,250.00. Following the completion of the sale, the insider owned 649,834 shares in the company, valued at $14,822,713.54. This trade represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,000 shares of company stock worth $1,004,690 in the last 90 days. 0.86% of the stock is owned by company insiders.

Antero Midstream Company 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.