Antero Midstream Corporation $AM Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. grew its position in Antero Midstream Corporation (NYSE:AM) by 419.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,064 shares of the pipeline company’s stock after purchasing an additional 149,433 shares during the period. Prudential Financial Inc.’s holdings in Antero Midstream were worth $3,507,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. US Bancorp DE grew its stake in Antero Midstream by 1.6% during the second quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock worth $722,000 after buying an additional 610 shares during the period. Amundi lifted its holdings in shares of Antero Midstream by 3,121.9% during the 1st quarter. Amundi now owns 125,913 shares of the pipeline company’s stock valued at $2,263,000 after acquiring an additional 122,005 shares in the last quarter. Jump Financial LLC purchased a new stake in Antero Midstream during the 1st quarter worth $8,402,000. Franklin Resources Inc. boosted its position in Antero Midstream by 54.3% during the 2nd quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock worth $11,637,000 after purchasing an additional 216,022 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Antero Midstream by 94.4% in the 1st quarter. Russell Investments Group Ltd. now owns 45,070 shares of the pipeline company’s stock valued at $811,000 after purchasing an additional 21,886 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings restated a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday. Wall Street Zen downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Morgan Stanley upped their price target on Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, November 12th. The Goldman Sachs Group increased their price objective on shares of Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a research report on Monday, August 18th. Finally, Zacks Research cut shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. One investment 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.83.

Antero Midstream Trading Down 2.0%

Shares of AM opened at $17.76 on Wednesday. Antero Midstream Corporation has a one year low of $14.22 and a one year high of $19.82. The stock has a 50-day moving average price of $18.18 and a 200 day moving average price of $18.17. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $8.46 billion, a P/E ratio of 18.12 and a beta of 0.82.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $294.82 million for the quarter, compared to analyst estimates of $287.30 million. Antero Midstream had a return on equity of 22.61% and a net margin of 40.07%.Antero Midstream’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. Sell-side analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business 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 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio is 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.