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

Bank of New York Mellon Corp increased its holdings in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 5.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,991,546 shares of the pipeline company's stock after purchasing an additional 295,432 shares during the quarter. Bank of New York Mellon Corp owned 1.25% of Antero Midstream worth $107,848,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Antero Midstream by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company's stock worth $57,769,000 after acquiring an additional 37,787 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Antero Midstream by 44.9% during the 4th quarter. Victory Capital Management Inc. now owns 195,884 shares of the pipeline company's stock valued at $2,956,000 after purchasing an additional 60,654 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Antero Midstream during the 4th quarter valued at $486,000. Arizona State Retirement System lifted its holdings in Antero Midstream by 0.8% during the 4th quarter. Arizona State Retirement System now owns 104,752 shares of the pipeline company's stock valued at $1,581,000 after purchasing an additional 824 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Antero Midstream during the 4th quarter worth $5,722,000. 53.97% of the stock is owned by institutional investors.

Antero Midstream Price Performance

Shares of NYSE AM traded up $0.00 during mid-day trading on Friday, reaching $17.44. The company had a trading volume of 1,543,371 shares, compared to its average volume of 2,985,511. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 1.42. Antero Midstream Corporation has a one year low of $13.12 and a one year high of $19.09. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 20.05 and a beta of 1.01. The business's 50-day simple moving average is $18.36 and its 200 day simple moving average is $17.17.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping 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%. Antero Midstream's revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $0.21 earnings per share. On average, research analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

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 paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.16%. The ex-dividend date is Wednesday, July 23rd. Antero Midstream's payout ratio is 103.45%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Morgan Stanley reiterated an "underweight" rating and set a $17.00 price objective (up previously from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the business's stock in a transaction dated 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 transaction, the director owned 73,645 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.

Antero Midstream Company 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.