Antero Midstream Corporation $AM Shares Sold by Invesco Ltd.

Invesco Ltd. cut its stake in shares of Antero Midstream Corporation (NYSE:AM) by 17.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 25,331,933 shares of the pipeline company’s stock after selling 5,299,832 shares during the quarter. Invesco Ltd. owned 0.05% of Antero Midstream worth $480,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of 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 purchasing an additional 610 shares during the period. Amundi raised its position in Antero Midstream by 3,121.9% during the 1st quarter. Amundi now owns 125,913 shares of the pipeline company’s stock worth $2,263,000 after buying an additional 122,005 shares during the last quarter. Franklin Resources Inc. lifted its stake in Antero Midstream by 54.3% during the 2nd quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock valued at $11,637,000 after acquiring an additional 216,022 shares during the period. Jump Financial LLC purchased a new stake in shares of Antero Midstream in the 1st quarter valued at $8,402,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of 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 acquiring an additional 21,886 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a report on Monday. Wall Street Zen downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Morgan Stanley boosted their price objective on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. The Goldman Sachs Group raised their target price on Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a report on Monday, August 18th. Finally, Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.83.

Antero Midstream Trading Up 0.7%

AM stock opened at $18.22 on Friday. Antero Midstream Corporation has a 52-week low of $14.22 and a 52-week high of $19.82. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46. The firm has a market cap of $8.68 billion, a P/E ratio of 18.59 and a beta of 0.82. The company’s 50-day simple moving average is $18.13 and its 200-day simple moving average is $18.17.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $294.82 million during 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 revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. As a group, equities analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, October 22nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.9%. Antero Midstream’s dividend payout ratio (DPR) is 91.84%.

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.