NBW Capital LLC Sells 158,809 Shares of Antero Midstream Corporation (NYSE:AM)

Key Points

• NBW Capital LLC reduced its stake in Antero Midstream Corporation by 34.4%, selling 158,809 shares during the first quarter, leaving it with 302,956 shares valued at approximately $5.45 million.
• Antero Midstream reported a net margin of 39.53% and a return on equity of 21.67% during its latest quarterly earnings, beating estimates with earnings of $0.26 per share.
• The company declared a quarterly dividend of $0.225 per share, yielding 4.9%, with a dividend payout ratio of 94.74% as of its last report.

NBW Capital LLC cut its stake in Antero Midstream Corporation (NYSE:AM - Free Report) by 34.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 302,956 shares of the pipeline company's stock after selling 158,809 shares during the period. NBW Capital LLC owned approximately 0.06% of Antero Midstream worth $5,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Transce3nd LLC acquired a new position in shares of Antero Midstream during the 1st quarter worth about $29,000. UMB Bank n.a. raised its holdings in Antero Midstream by 170.8% in the 1st quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after acquiring an additional 2,188 shares during the period. TD Waterhouse Canada Inc. raised its holdings in Antero Midstream by 20.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after acquiring an additional 963 shares during the period. GAMMA Investing LLC increased its holdings in shares of Antero Midstream by 34.0% during the first quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock worth $154,000 after purchasing an additional 2,165 shares during the period. Finally, CWM LLC increased its holdings in shares of Antero Midstream by 7.1% during the first quarter. CWM LLC now owns 9,472 shares of the pipeline company's stock worth $170,000 after purchasing an additional 629 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Antero Midstream Price Performance

Antero Midstream stock traded down $0.03 during mid-day trading on Friday, reaching $18.44. The company had a trading volume of 1,620,716 shares, compared to its average volume of 3,083,438. Antero Midstream Corporation has a fifty-two week low of $13.77 and a fifty-two week high of $19.08. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. The company has a market cap of $8.82 billion, a P/E ratio of 19.41 and a beta of 0.97. The business has a fifty day simple moving average of $18.07 and a 200 day simple moving average of $17.45.

Antero Midstream (NYSE:AM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $292.70 million. During the same quarter last year, the business posted $0.23 earnings per share. The company's quarterly revenue was up 13.2% on a year-over-year basis. On average, 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 announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were given a $0.225 dividend. The ex-dividend date was Wednesday, July 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. Antero Midstream's dividend payout ratio (DPR) is currently 94.74%.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream 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 owned 73,645 shares in the company, valued at approximately $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 accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

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.