Western Wealth Management LLC purchased a new position in Antero Midstream Corporation (NYSE:AM – Free Report) during the first quarter, HoldingsChannel reports. The firm purchased 25,392 shares of the pipeline company’s stock, valued at approximately $579,000.
Other large investors also recently modified their holdings of the company. Royal Bank of Canada boosted its position in Antero Midstream by 0.8% in the first quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock worth $3,256,000 after purchasing an additional 1,371 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Antero Midstream by 174.9% during the 1st quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock valued at $1,508,000 after purchasing an additional 53,281 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Antero Midstream by 56.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock valued at $69,739,000 after purchasing an additional 1,400,368 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Antero Midstream by 4.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company’s stock worth $17,029,000 after purchasing an additional 43,335 shares during the period. Finally, M&T Bank Corp lifted its stake 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 purchasing an additional 1,009 shares during the period. Institutional investors own 53.97% of the company’s stock.
Antero Midstream Trading Up 0.2%
Shares of NYSE:AM opened at $22.02 on Tuesday. The stock has a 50 day moving average of $22.02 and a 200 day moving average of $21.60. The company has a market cap of $10.45 billion, a PE ratio of 26.21 and a beta of 0.65. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. Antero Midstream Corporation has a 12-month low of $16.96 and a 12-month high of $23.83.
Antero Midstream Announces Dividend
Wall Street Analyst Weigh In
Several analysts recently issued reports on AM shares. The Goldman Sachs Group set a $24.00 target price on shares of Antero Midstream in a research report on Tuesday, July 14th. Morgan Stanley upgraded shares of Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price target on the stock in a research report on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Weiss Ratings downgraded shares of Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $24.50.
Get Our Latest Stock Analysis on AM
About Antero Midstream
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.
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