Antero Midstream Co. (NYSE:AM) Director Sells $94,400.00 in Stock

Antero Midstream Co. (NYSE:AM - Get Free Report) Director Brooks J. Klimley sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the transaction, the director now directly owns 73,645 shares in the company, valued at $1,390,417.60. The trade was a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Antero Midstream Stock Performance

NYSE AM traded down $0.09 during trading on Friday, reaching $18.77. The company's stock had a trading volume of 3,362,863 shares, compared to its average volume of 2,927,985. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $19.06. The firm has a 50 day moving average price of $17.56 and a 200 day moving average price of $16.55. The firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 22.61 and a beta of 0.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The business had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. As a group, equities analysts anticipate that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

Institutional Investors Weigh In On Antero Midstream

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Citizens Bank & Trust Co. lifted its holdings in shares of Antero Midstream by 15.3% during the 4th quarter. First Citizens Bank & Trust Co. now owns 20,294 shares of the pipeline company's stock worth $306,000 after acquiring an additional 2,689 shares during the period. Blue Trust Inc. boosted its holdings in shares of Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after purchasing an additional 2,612 shares in the last quarter. KBC Group NV boosted its holdings in shares of Antero Midstream by 14.2% in the 4th quarter. KBC Group NV now owns 14,871 shares of the pipeline company's stock valued at $224,000 after purchasing an additional 1,854 shares in the last quarter. SeaBridge Investment Advisors LLC increased its stake in shares of Antero Midstream by 0.7% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 134,819 shares of the pipeline company's stock valued at $2,034,000 after purchasing an additional 878 shares during the last quarter. Finally, KPP Advisory Services LLC raised its holdings in shares of Antero Midstream by 3.0% during the 4th quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company's stock worth $361,000 after buying an additional 700 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company upped their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th.

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.