Antero Midstream Corporation (NYSE:AM) Shares Purchased by Nations Financial Group Inc. IA ADV

Key Points

• Nations Financial Group Inc. IA ADV has increased its stake in Antero Midstream Corporation by 26% during the first quarter, now holding 101,974 shares valued at approximately $1.84 million.
• Antero Midstream reported a quarterly earnings per share of $0.26, exceeding the estimate of $0.24, along with a 13.2% year-over-year revenue increase to $305.47 million.
• The company recently declared a quarterly dividend of $0.225 per share, resulting in an annualized dividend yield of 5.0%, with a high payout ratio of 94.74%.

Nations Financial Group Inc. IA ADV increased its stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 26.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,974 shares of the pipeline company's stock after acquiring an additional 21,070 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in Antero Midstream were worth $1,836,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in Antero Midstream during the 1st quarter worth $529,000. Sequoia Financial Advisors LLC grew its position in Antero Midstream by 6.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,034 shares of the pipeline company's stock worth $289,000 after purchasing an additional 975 shares during the last quarter. Silver Oak Securities Incorporated purchased a new position in Antero Midstream during the 1st quarter worth $459,000. KBC Group NV grew its position in Antero Midstream by 18.5% during the 1st quarter. KBC Group NV now owns 17,628 shares of the pipeline company's stock worth $317,000 after purchasing an additional 2,757 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Antero Midstream by 102.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,356 shares of the pipeline company's stock worth $852,000 after purchasing an additional 23,922 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Antero Midstream Stock Down 1.6%

Shares of NYSE:AM opened at $17.91 on Friday. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 18.85 and a beta of 0.97. The firm's 50-day simple moving average is $18.02 and its 200-day simple moving average is $17.51. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. Antero Midstream Corporation has a fifty-two week low of $14.06 and a fifty-two week high of $19.08.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The firm had revenue of $305.47 million during the quarter, compared to analysts' expectations of $292.70 million. During the same quarter last year, the business earned $0.23 earnings per share. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, equities research analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were paid a $0.225 dividend. The ex-dividend date was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.0%. Antero Midstream's dividend payout ratio (DPR) is 94.74%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 1st.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the sale, the director owned 73,645 shares in the company, valued at $1,390,417.60. This trade represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is owned by company insiders.

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.

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