Caisse de depot et placement du Quebec Makes New $1.61 Million Investment in Antero Midstream Corporation $AM

Caisse de depot et placement du Quebec bought a new position in Antero Midstream Corporation (NYSE:AM) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 70,800 shares of the pipeline company’s stock, valued at approximately $1,611,000.

Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC increased its position in shares of Antero Midstream by 36.4% during the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock valued at $46,000 after acquiring an additional 537 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Antero Midstream by 2.6% in the first quarter. PNC Financial Services Group Inc. now owns 21,430 shares of the pipeline company’s stock worth $489,000 after purchasing an additional 537 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Antero Midstream by 23.0% in the fourth quarter. Hantz Financial Services Inc. now owns 3,305 shares of the pipeline company’s stock worth $59,000 after purchasing an additional 617 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in Antero Midstream by 0.5% in the 4th 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 during the period. Finally, Larson Financial Group LLC grew its stake in Antero Midstream by 68.1% in the 4th 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 during the period. 53.97% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Sheri Pearce sold 16,000 shares of Antero Midstream stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the completion of the transaction, the insider owned 83,900 shares in the company, valued at $1,846,639. This trade represents a 16.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total transaction of $106,350.00. Following the completion of the sale, the director directly owned 68,204 shares in the company, valued at approximately $1,450,699.08. This trade represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a research note on Tuesday, July 14th. Wells Fargo & Company boosted their price target on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Finally, Weiss Ratings lowered shares of Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Antero Midstream presently has a consensus rating of “Hold” and a consensus target price of $24.50.

Antero Midstream Stock Performance

NYSE:AM opened at $22.32 on Friday. The company has a market capitalization of $10.59 billion, a P/E ratio of 26.57 and a beta of 0.65. The business has a fifty day simple moving average of $22.30 and a two-hundred day simple moving average of $22.05. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84. Antero Midstream Corporation has a 1 year low of $16.96 and a 1 year high of $23.83.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The firm had revenue of $327.24 million for the quarter, compared to analysts’ expectations of $326.43 million. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. On average, analysts expect that Antero Midstream Corporation will post 1.09 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Wednesday, July 29th. Antero Midstream’s payout ratio is currently 107.14%.

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.