SG Americas Securities LLC Has $3.91 Million Position in Antero Midstream Corporation (NYSE:AM)

SG Americas Securities LLC lowered its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 44.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,306 shares of the pipeline company's stock after selling 176,500 shares during the quarter. SG Americas Securities LLC's holdings in Antero Midstream were worth $3,912,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of Antero Midstream by 170.8% in the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after purchasing an additional 2,188 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after buying an additional 963 shares during the period. Blue Trust Inc. boosted its holdings in Antero Midstream by 84.3% in the fourth 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 during the period. Allworth Financial LP boosted its holdings in Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after purchasing an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in Antero Midstream during the 4th quarter worth about $119,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Stock Down 0.6%

Shares of Antero Midstream stock traded down $0.10 during trading hours on Tuesday, hitting $18.08. 2,214,856 shares of the company's stock traded hands, compared to its average volume of 2,939,802. The stock has a 50 day simple moving average of $17.84 and a 200-day simple moving average of $16.78. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.49. The company has a market cap of $8.66 billion, a PE ratio of 20.78 and a beta of 1.03. Antero Midstream Corporation has a twelve month low of $13.12 and a twelve month high of $19.09.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $291.13 million for the quarter, compared to analysts' expectations of $277.79 million. Antero Midstream had a return on equity of 19.75% and a net margin of 37.35%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. Equities research analysts anticipate that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 4.98%. Antero Midstream's dividend payout ratio (DPR) is 103.45%.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 5,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

AM has been the topic of several recent research reports. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Morgan Stanley reaffirmed an "underweight" rating and issued a $17.00 target price (up previously from $16.00) on shares of Antero Midstream in a research note on Tuesday, June 3rd. Finally, Wells Fargo & Company upped their target price on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th.

Antero Midstream Profile

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.