Antero Midstream (NYSE:AM) Insider Michael Kennedy Sells 100,000 Shares

Key Points

• Insider sale: Antero Midstream insider Michael Kennedy sold 100,000 shares on May 4 at an average of $21.92 (~$2.19M), reducing his stake by 6.25% to 1,500,594 shares; the transaction was executed under a pre‑arranged Rule 10b5‑1 plan.
• Dividend details: The company declared a quarterly dividend of $0.225 payable May 13 (record/ex‑dividend date April 29), equal to a $0.90 annualized payout with a ~4.1% yield and a payout ratio of 104.65%.
• Recent results and outlook: Q1 EPS was $0.25 (missed estimates by $0.01) with revenue up 7.9% to $314.2M, and analysts hold an average "Hold" rating with a consensus price target of $24.

Antero Midstream Corporation (NYSE:AM - Get Free Report) insider Michael Kennedy sold 100,000 shares of the business's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $21.92, for a total value of $2,192,000.00. Following the sale, the insider directly owned 1,500,594 shares in the company, valued at $32,893,020.48. This trade represents a 6.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Antero Midstream Price Performance

Shares of AM traded up $0.29 on Monday, reaching $21.99. The stock had a trading volume of 2,312,962 shares, compared to its average volume of 2,687,307. Antero Midstream Corporation has a twelve month low of $16.77 and a twelve month high of $23.83. The firm has a market capitalization of $10.44 billion, a PE ratio of 25.57 and a beta of 0.68. The firm has a 50-day moving average of $22.36 and a 200 day moving average of $19.70. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.89.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results on Wednesday, April 29th. The pipeline company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). The firm had revenue of $314.21 million for the quarter, compared to analysts' expectations of $311.30 million. Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Sell-side analysts expect that Antero Midstream Corporation will post 1.13 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Wednesday, April 29th will be given a $0.225 dividend. The ex-dividend date is Wednesday, April 29th. This represents a $0.90 annualized dividend and a dividend yield of 4.1%. Antero Midstream's payout ratio is currently 104.65%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AM shares. Wells Fargo & Company raised their target price on shares of Antero Midstream from $21.00 to $23.00 and gave the company an "equal weight" rating in a report on Friday, March 13th. UBS Group increased their price target on shares of Antero Midstream from $22.00 to $24.00 and gave the company a "neutral" rating in a research report on Wednesday, March 25th. The Goldman Sachs Group raised their price objective on shares of Antero Midstream from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 24th. Weiss Ratings upgraded Antero Midstream from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Friday, March 6th. Finally, Zacks Research lowered Antero Midstream from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $24.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AM. Richardson Financial Services Inc. boosted its stake in shares of Antero Midstream by 330.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company's stock worth $25,000 after purchasing an additional 994 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Antero Midstream in the third quarter valued at approximately $25,000. Elevation Wealth Partners LLC purchased a new position in shares of Antero Midstream during the fourth quarter valued at approximately $27,000. Quent Capital LLC purchased a new position in shares of Antero Midstream during the third quarter valued at approximately $28,000. Finally, Larson Financial Group LLC boosted its position in Antero Midstream by 68.1% during the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company's stock worth $31,000 after acquiring an additional 708 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Company Profile

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.

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