Columbus Macro LLC Has $17.55 Million Stake in Antero Midstream Corporation $AM

Columbus Macro LLC lifted its stake in Antero Midstream Corporation (NYSE:AM) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 769,721 shares of the pipeline company’s stock after purchasing an additional 31,808 shares during the quarter. Antero Midstream comprises 1.9% of Columbus Macro LLC’s portfolio, making the stock its 5th biggest holding. Columbus Macro LLC owned about 0.16% of Antero Midstream worth $17,550,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of AM. Penbrook Management LLC bought a new stake in Antero Midstream in the first quarter worth $226,000. Louisiana State Employees Retirement System purchased a new position in Antero Midstream during the first quarter worth $2,189,000. Silver Oak Securities Incorporated increased its position in Antero Midstream by 2.9% during the first quarter. Silver Oak Securities Incorporated now owns 71,158 shares of the pipeline company’s stock valued at $1,622,000 after acquiring an additional 1,975 shares during the last quarter. SG Americas Securities LLC increased its position in Antero Midstream by 4.0% during the first quarter. SG Americas Securities LLC now owns 414,746 shares of the pipeline company’s stock valued at $9,456,000 after acquiring an additional 15,890 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in Antero Midstream by 225.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 373,838 shares of the pipeline company’s stock valued at $8,524,000 after acquiring an additional 258,847 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, insider Michael N. Kennedy sold 100,000 shares of Antero Midstream stock in a transaction on Monday, May 4th. The stock was sold at an average price of $21.92, for a total transaction of $2,192,000.00. Following the completion of the sale, the insider directly owned 1,500,594 shares of the company’s stock, valued at $32,893,020.48. The trade was a 6.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 69,269 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $21.90, for a total value of $1,516,991.10. Following the transaction, the insider directly owned 580,565 shares in the company, valued at $12,714,373.50. The trade was a 10.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Antero Midstream Trading Up 2.3%

AM stock opened at $22.66 on Friday. Antero Midstream Corporation has a 12 month low of $16.77 and a 12 month high of $23.83. The firm’s 50-day moving average is $21.56 and its 200 day moving average is $20.71. The company has a market capitalization of $10.76 billion, a PE ratio of 26.34 and a beta of 0.66. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.99 and a quick ratio of 0.99.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $314.21 million during the quarter, compared to analysts’ expectations of $311.30 million. Antero Midstream had a net margin of 33.90% and a return on equity of 20.38%. Antero Midstream’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. On average, research analysts anticipate that Antero Midstream Corporation will post 1.12 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Wednesday, April 29th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $0.90 annualized dividend and a yield of 4.0%. Antero Midstream’s dividend payout ratio is 104.65%.

Analysts Set New Price Targets

AM has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of Antero Midstream from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, March 13th. Morgan Stanley raised shares of Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price objective on the stock in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “buy (a-)” rating on shares of Antero Midstream in a research note on Wednesday, June 3rd. Finally, UBS Group boosted their target price on Antero Midstream from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.00.

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.