Antero Midstream (NYSE:AM) Insider Yvette Schultz Sells 69,269 Shares

Key Points

• Insider sale: Yvette Schultz sold 69,269 shares of Antero Midstream (NYSE:AM) on May 4 at an average price of $21.90 for proceeds of $1.52M, reducing her holding by 10.66% to 580,565 shares (SEC filing).
• Dividend: The company declared a quarterly dividend of $0.225 (annualized $0.90) payable May 13 with an ex-dividend date of April 29, implying a ~4.1% yield and a payout ratio of 104.65%.
• Q1 results and outlook: Antero reported Q1 EPS of $0.25 (missing by $0.01) and revenue of $314.21M (+7.9% YoY), while analysts hold a consensus "Hold" rating with a $24 target price.

Antero Midstream Corporation (NYSE:AM - Get Free Report) insider Yvette Schultz sold 69,269 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $21.90, for a total transaction of $1,516,991.10. Following the sale, the insider directly owned 580,565 shares in the company, valued at $12,714,373.50. The trade was a 10.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Antero Midstream Stock Performance

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

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

Antero Midstream Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Antero Midstream

A number of hedge funds have recently made changes to their positions in the company. Richardson Financial Services Inc. lifted its position in shares of Antero Midstream by 330.2% in the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 994 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Antero Midstream during the third quarter worth approximately $25,000. Elevation Wealth Partners LLC purchased a new stake in shares of Antero Midstream during the fourth quarter worth approximately $27,000. Quent Capital LLC acquired a new position in Antero Midstream in the 3rd quarter valued at $28,000. Finally, Larson Financial Group LLC lifted its holdings in Antero Midstream by 68.1% in the 4th quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 708 shares in 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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