Cetera Investment Advisers lessened its stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 543,972 shares of the pipeline company's stock after selling 32,112 shares during the quarter. Cetera Investment Advisers owned about 0.11% of Antero Midstream worth $9,792,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in AM. Dimensional Fund Advisors LP lifted its position in shares of Antero Midstream by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company's stock worth $137,516,000 after acquiring an additional 71,361 shares during the period. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Antero Midstream by 2.0% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company's stock worth $106,680,000 after acquiring an additional 135,886 shares during the period. Geode Capital Management LLC lifted its position in shares of Antero Midstream by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock worth $92,174,000 after buying an additional 25,001 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Antero Midstream by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 5,991,546 shares of the pipeline company's stock worth $107,848,000 after buying an additional 295,432 shares during the period. Finally, Norges Bank bought a new position in shares of Antero Midstream during the fourth quarter valued at $62,578,000. Institutional investors own 53.97% of the company's stock.
Insider Activity at Antero Midstream
In related news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the sale, the director directly owned 73,645 shares of the company's stock, valued at $1,390,417.60. The trade was 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. 0.61% of the stock is currently owned by company insiders.
Antero Midstream Trading Up 1.0%
Shares of NYSE AM traded up $0.18 during midday trading on Friday, hitting $18.53. The stock had a trading volume of 4,249,913 shares, compared to its average volume of 2,706,692. The company's 50-day simple moving average is $18.10 and its 200 day simple moving average is $17.38. The firm has a market cap of $8.88 billion, a P/E ratio of 19.51 and a beta of 0.97. Antero Midstream Corporation has a fifty-two week low of $13.12 and a fifty-two week high of $19.08. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.42.
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, topping analysts' consensus estimates of $0.24 by $0.02. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%. The business had revenue of $305.47 million during the quarter, compared to analysts' expectations of $292.70 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. Research analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current year.
Antero Midstream Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.9%. Antero Midstream's payout ratio is 94.74%.
Wall Street Analyst Weigh In
AM has been the topic of several recent analyst reports. Morgan Stanley restated 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. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Wells Fargo & Company lifted their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday.
View Our Latest Research Report on AM
About Antero Midstream
(
Free Report)
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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