Livforsakringsbolaget Skandia Omsesidigt Takes Position in Antero Midstream Corporation $AM

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Antero Midstream Corporation (NYSE:AM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,500 shares of the pipeline company’s stock, valued at approximately $685,000.

Several other hedge funds have also recently made changes to their positions in the business. Hantz Financial Services Inc. boosted its position in shares of Antero Midstream by 23.0% during the fourth quarter. Hantz Financial Services Inc. now owns 3,305 shares of the pipeline company’s stock valued at $59,000 after purchasing an additional 617 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Antero Midstream by 0.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 120,765 shares of the pipeline company’s stock valued at $2,148,000 after purchasing an additional 660 shares in the last quarter. Choreo LLC boosted its position in shares of Antero Midstream by 5.0% during the fourth quarter. Choreo LLC now owns 14,183 shares of the pipeline company’s stock valued at $253,000 after purchasing an additional 679 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Antero Midstream by 6.9% during the fourth quarter. GAMMA Investing LLC now owns 10,884 shares of the pipeline company’s stock valued at $194,000 after purchasing an additional 701 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Antero Midstream by 68.1% during the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 708 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AM. Morgan Stanley upgraded 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 Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Weiss Ratings restated a “buy (a-)” rating on shares of Antero Midstream in a research report on Wednesday. The Goldman Sachs Group lifted their price target on Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Finally, UBS Group lifted their price target 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 analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.00.

Antero Midstream Trading Down 0.2%

NYSE AM opened at $21.54 on Friday. Antero Midstream Corporation has a 12 month low of $16.77 and a 12 month high of $23.83. The stock has a market cap of $10.23 billion, a P/E ratio of 25.04 and a beta of 0.66. The stock’s fifty day moving average price is $21.80 and its 200-day moving average price is $20.32. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.89.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, April 29th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The company had revenue of $314.21 million during the quarter, compared to analysts’ expectations of $311.30 million. During the same period in the prior year, the company posted $0.25 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. As a group, equities analysts forecast that Antero Midstream Corporation will post 1.12 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Wednesday, April 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, April 29th. Antero Midstream’s dividend payout ratio is currently 104.65%.

Insider Buying and Selling

In other news, insider Sheri Pearce sold 14,000 shares of the 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 directly owned 99,900 shares of the company’s stock, valued at approximately $2,273,724. This represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael N. Kennedy sold 100,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $21.92, for a total value of $2,192,000.00. Following the transaction, the insider directly owned 1,500,594 shares in the company, valued at approximately $32,893,020.48. The trade was a 6.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 213,269 shares of company stock valued at $4,713,681. Insiders own 1.10% of the company’s stock.

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.