Antero Midstream Corporation $AM Stock Position Raised by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its stake in shares of Antero Midstream Corporation (NYSE:AM) by 211.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,604 shares of the pipeline company’s stock after acquiring an additional 53,402 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Antero Midstream were worth $1,490,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AM. GAMMA Investing LLC boosted its stake in shares of Antero Midstream by 34.0% during the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company’s stock worth $154,000 after acquiring an additional 2,165 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Antero Midstream by 102.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,356 shares of the pipeline company’s stock valued at $852,000 after purchasing an additional 23,922 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Antero Midstream by 4.9% in the first quarter. Janney Montgomery Scott LLC now owns 58,049 shares of the pipeline company’s stock valued at $1,045,000 after purchasing an additional 2,732 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Antero Midstream by 0.4% in the first quarter. State of Alaska Department of Revenue now owns 194,907 shares of the pipeline company’s stock valued at $3,507,000 after purchasing an additional 845 shares in the last quarter. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of Antero Midstream in the first quarter valued at $459,000. 53.97% of the stock is owned by institutional investors.

Antero Midstream Price Performance

Shares of NYSE:AM opened at $18.08 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. Antero Midstream Corporation has a 1 year low of $14.22 and a 1 year high of $19.82. The business has a fifty day simple moving average of $18.40 and a 200 day simple moving average of $18.01. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 19.03 and a beta of 0.85.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $305.47 million during the quarter, compared to analyst estimates of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.Antero Midstream’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. As a group, sell-side analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, October 22nd. Antero Midstream’s dividend payout ratio is presently 94.74%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “buy (a-)” rating on shares of Antero Midstream in a report on Wednesday, October 8th. The Goldman Sachs Group increased their target price on Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a report on Monday, August 18th. Wall Street Zen upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, Morgan Stanley increased their target price on Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Antero Midstream has an average rating of “Hold” and an average price target of $18.50.

Insider Buying and Selling

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the transaction, the insider directly owned 106,489 shares of the company’s stock, valued at $1,864,622.39. This represents a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.86% of the stock is owned by insiders.

Antero Midstream 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.