Bank of New York Mellon Corp Buys 295,432 Shares of Antero Midstream Corporation (NYSE:AM)

Bank of New York Mellon Corp raised its stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,991,546 shares of the pipeline company's stock after buying an additional 295,432 shares during the period. Bank of New York Mellon Corp owned 1.25% of Antero Midstream worth $107,848,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Antero Midstream by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company's stock worth $57,769,000 after purchasing an additional 37,787 shares during the period. Victory Capital Management Inc. grew its position in Antero Midstream by 44.9% during the fourth quarter. Victory Capital Management Inc. now owns 195,884 shares of the pipeline company's stock worth $2,956,000 after buying an additional 60,654 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Antero Midstream during the fourth quarter worth about $486,000. Arizona State Retirement System grew its position in Antero Midstream by 0.8% during the fourth quarter. Arizona State Retirement System now owns 104,752 shares of the pipeline company's stock worth $1,581,000 after buying an additional 824 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Antero Midstream during the fourth quarter worth about $5,722,000. 53.97% of the stock is currently owned by institutional investors.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the company'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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Morgan Stanley reissued an "underweight" rating and issued a $17.00 target price (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd.

Antero Midstream Stock Performance

AM stock opened at $17.54 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.42 and a quick ratio of 1.42. The company has a 50 day moving average price of $18.35 and a 200 day moving average price of $17.13. Antero Midstream Corporation has a fifty-two week low of $13.12 and a fifty-two week high of $19.09. The stock has a market capitalization of $8.41 billion, a PE ratio of 20.16 and a beta of 1.01.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. The firm had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. During the same quarter in the previous year, the company posted $0.21 EPS. Antero Midstream's revenue was up 4.3% on a year-over-year basis. Analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.13%. Antero Midstream's payout ratio is 103.45%.

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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