Choreo LLC Purchases 2,668 Shares of Antero Midstream Corporation (NYSE:AM)

Choreo LLC boosted its holdings in shares of Antero Midstream Corporation (NYSE:AM) by 19.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,462 shares of the pipeline company’s stock after acquiring an additional 2,668 shares during the quarter. Choreo LLC’s holdings in Antero Midstream were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in Antero Midstream by 1.5% during the fourth quarter. LPL Financial LLC now owns 318,777 shares of the pipeline company’s stock valued at $4,810,000 after purchasing an additional 4,710 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Antero Midstream by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company’s stock valued at $541,250,000 after acquiring an additional 96,788 shares during the period. Elo Mutual Pension Insurance Co acquired a new stake in shares of Antero Midstream in the fourth quarter valued at about $220,000. Norges Bank bought a new position in shares of Antero Midstream in the fourth quarter worth about $62,578,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Antero Midstream during the 4th quarter worth about $431,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on AM shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $17.00 target price (up previously from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd. Wall Street Zen upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the sale, the director owned 73,645 shares of the company’s stock, valued at $1,390,417.60. The trade was a 6.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by corporate insiders.

Antero Midstream Stock Up 0.6%

NYSE AM opened at $16.97 on Wednesday. Antero Midstream Corporation has a twelve month low of $13.12 and a twelve month high of $19.08. The stock has a market cap of $8.13 billion, a PE ratio of 19.50 and a beta of 1.01. The firm has a 50-day simple moving average of $18.14 and a 200 day simple moving average of $17.34. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 1.42.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a return on equity of 19.75% and a net margin of 37.35%. Antero Midstream’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 EPS. On average, research analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be given a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $0.90 annualized dividend and a yield of 5.31%. Antero Midstream’s dividend payout ratio (DPR) is currently 103.45%.

About Antero Midstream

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.