Antero Midstream Corporation $AM Shares Acquired by Legal & General Group Plc

Legal & General Group Plc lifted its holdings in shares of Antero Midstream Corporation (NYSE:AM) by 68.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 967,428 shares of the pipeline company’s stock after acquiring an additional 394,587 shares during the quarter. Legal & General Group Plc owned 0.20% of Antero Midstream worth $18,333,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its position in shares of Antero Midstream by 58.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company’s stock worth $51,000 after purchasing an additional 1,000 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of Antero Midstream by 41.2% during the first quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company’s stock worth $82,000 after buying an additional 1,328 shares during the period. Bayforest Capital Ltd boosted its position in Antero Midstream by 277.3% during the 2nd quarter. Bayforest Capital Ltd now owns 6,542 shares of the pipeline company’s stock worth $124,000 after acquiring an additional 4,808 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in Antero Midstream by 36.9% in the second quarter. TD Waterhouse Canada Inc. now owns 6,907 shares of the pipeline company’s stock worth $126,000 after purchasing an additional 1,861 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Antero Midstream by 89.7% in the second quarter. Allworth Financial LP now owns 9,598 shares of the pipeline company’s stock valued at $182,000 after acquiring an additional 4,539 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on AM shares. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Wall Street Zen lowered Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Morgan Stanley raised their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, November 12th. Wells Fargo & Company boosted their price target on Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group upped their price objective on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a report on Monday, August 18th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Antero Midstream presently has an average rating of “Hold” and a consensus price target of $18.83.

Antero Midstream Stock Up 1.2%

Shares of AM opened at $18.01 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average price of $18.22 and a two-hundred day moving average price of $18.18. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 18.38 and a beta of 0.88. Antero Midstream Corporation has a 12 month low of $14.22 and a 12 month high of $19.82.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $294.82 million during the quarter, compared to analysts’ expectations of $287.30 million. Antero Midstream had a return on equity of 22.53% and a net margin of 40.07%.Antero Midstream’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. Equities analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were paid 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 was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio is currently 91.84%.

Antero Midstream Company 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.