Invesco 13F: Cuts Antero Midstream (AM) Stake by $44M

Invesco has trimmed its position in Antero Midstream Corporation (NYSE:AM), reducing its holdings by 1,887,123 shares. This brings its total to approximately 21.6 million shares, valued at about $499.9 million, as reported in its latest 13F filing with the SEC for the period ending March 31, 2026.

What Changed in Invesco's Antero Midstream Position

The investment firm decreased its stake in Antero Midstream by 8.0%, selling off over 1.8 million shares. Before this reduction, Invesco held 23,444,026 shares. The current holding stands at 21,556,903 shares, reflecting a strategic adjustment in its investment portfolio.

Other Institutional Activity in Antero Midstream

BlackRock, Inc. also reduced its holdings in Antero Midstream, selling 2,073,375 shares to now hold 37,117,209 shares worth around $846.3 million, marking a 5.3% decrease. Meanwhile, Vanguard Portfolio Management LLC opened a new position with 18,299,973 shares valued at $417.2 million. Similarly, Vanguard Capital Management LLC initiated a stake, acquiring 14,809,259 shares worth approximately $337.7 million. State Street Corp added 255,901 shares, increasing its holdings by 2.3% to a total of 11,593,199 shares valued at $264.3 million. Tortoise Capital Advisors, L.L.C. slightly reduced its position by 243,699 shares, maintaining 11,159,394 shares worth $254.4 million.

Antero Midstream Corporation Stock Up 9.0%

Shares of Antero Midstream (NYSE:AM) traded near $23.19 on Sunday. The company boasts a market cap of about $11 billion and a P/E ratio of 27. Its beta is 0.628, indicating lower volatility compared to the market. The stock's 52-week range spans from $16.77 to $23.84, with a 50-day moving average of $21.59 and a 200-day moving average of $19.99. Antero Midstream's current ratio is 0.985, with a quick ratio of 0.967 and a debt-to-equity ratio of 191.718.

Recent Earnings

Antero Midstream reported revenue of $1.29 billion, with a revenue growth rate of 8.6%. The company achieved a net margin of 31.9% and a return on equity of 20.4%. Its earnings per share stood at $0.86. The next earnings report is expected on July 29, 2026.

Dividend

Antero Midstream offers an annual dividend rate of $0.90, yielding 3.88%. The payout ratio is slightly above 100%, at 104.65%, indicating that the company pays out more in dividends than it earns.

Insider Buying and Selling at Antero Midstream Corporation

Recent insider activity includes CEO Michael Kennedy selling 100,000 shares at an average price of $21.92 on May 4, 2026, under a Rule 10b5-1 trading plan. Yvette Schultz, Senior Vice President and Chief Compliance Officer, sold 69,269 shares at $21.90 on the same day without a trading plan. On April 10, 2026, several insiders, including David Keyte, Peter Dea, Nancy Chisholm, and Howard Keenan Jr., each purchased small amounts of shares, though the transaction prices were not disclosed.

Analysts Set New Price Targets

On March 25, 2026, UBS maintained its 'hold' rating for Antero Midstream, setting a price target of $24. Wells Fargo, on March 13, 2026, also maintained a 'hold' rating with a target of $23. Goldman Sachs, on February 24, 2026, echoed this sentiment with a 'hold' rating and a $23 target. The consensus among analysts is a 'hold' recommendation, with a mean target price of $23.57 based on seven analyst opinions.

About Antero Midstream

Antero Midstream Corporation is an energy company based in Denver, Colorado, focusing on midstream operations in the Appalachian Basin. It operates through two main segments: Gathering and Processing, and Water Handling. The company manages a network of pipelines and facilities for natural gas and NGLs, primarily sourced from Antero Resources' wells. Founded in 2002, Antero Midstream is led by CEO Michael N. Kennedy and employs around 632 people.

Bottom Line

Invesco's recent reduction in its Antero Midstream holdings reflects a strategic portfolio adjustment. Investors often track such moves to gauge institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not represent current positions. Antero Midstream remains a key player in the oil and gas midstream sector, offering investors a combination of growth potential and dividend income.