Janus Henderson Group PLC Raises Stock Holdings in Antero Midstream Corporation $AM

Janus Henderson Group PLC grew its position in Antero Midstream Corporation (NYSE:AM) by 71.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 273,772 shares of the pipeline company’s stock after purchasing an additional 113,696 shares during the period. Janus Henderson Group PLC owned approximately 0.06% of Antero Midstream worth $6,242,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Invesco Ltd. boosted its position in Antero Midstream by 3.4% in the fourth quarter. Invesco Ltd. now owns 23,444,026 shares of the pipeline company’s stock valued at $417,069,000 after buying an additional 776,791 shares during the last quarter. State Street Corp increased its stake in shares of Antero Midstream by 1.7% in the fourth quarter. State Street Corp now owns 11,337,298 shares of the pipeline company’s stock worth $201,691,000 after acquiring an additional 187,912 shares during the period. Geode Capital Management LLC raised its holdings in shares of Antero Midstream by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 10,472,491 shares of the pipeline company’s stock worth $186,328,000 after purchasing an additional 1,161,684 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Antero Midstream by 11.2% during the first quarter. Bank of New York Mellon Corp now owns 9,129,288 shares of the pipeline company’s stock valued at $208,148,000 after purchasing an additional 920,948 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Antero Midstream by 56.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock valued at $69,739,000 after purchasing an additional 1,400,368 shares during the period. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream Stock Up 1.5%

AM opened at $21.48 on Friday. Antero Midstream Corporation has a fifty-two week low of $16.96 and a fifty-two week high of $23.83. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84. The company has a fifty day moving average of $22.03 and a two-hundred day moving average of $21.67. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 25.58 and a beta of 0.65.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, July 29th. Antero Midstream’s payout ratio is currently 107.14%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AM. Morgan Stanley raised Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price target on the stock in a research report on Wednesday, April 22nd. Wells Fargo & Company upped their target price on Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday. Weiss Ratings lowered Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday. Finally, The Goldman Sachs Group set a $24.00 price target on Antero Midstream in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Antero Midstream has an average rating of “Hold” and an average target price of $24.50.

Insider Transactions at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the sale, the director directly owned 68,204 shares of the company’s stock, valued at approximately $1,450,699.08. This trade represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sheri Pearce sold 16,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 83,900 shares of the company’s stock, valued at $1,846,639. This trade represents a 16.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

About Antero Midstream

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.