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

Bank of New York Mellon Corp boosted its stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,991,546 shares of the pipeline company's stock after purchasing an additional 295,432 shares during the period. 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.

Several other large investors have also recently bought and sold shares of AM. Sequoia Financial Advisors LLC lifted its position in shares of Antero Midstream by 6.5% in the first quarter. Sequoia Financial Advisors LLC now owns 16,034 shares of the pipeline company's stock valued at $289,000 after buying an additional 975 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Antero Midstream in the first quarter valued at approximately $459,000. Diversified Trust Co acquired a new stake in shares of Antero Midstream in the first quarter valued at approximately $495,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Antero Midstream by 102.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,356 shares of the pipeline company's stock valued at $852,000 after buying an additional 23,922 shares during the last quarter. Finally, KBC Group NV lifted its holdings 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. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the firm's 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 transaction, the director owned 73,645 shares in the company, valued at $1,390,417.60. This trade represents a 6.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

Antero Midstream Stock Performance

NYSE:AM traded down $0.02 during mid-day trading on Friday, hitting $17.43. 475,952 shares of the stock were exchanged, compared to its average volume of 3,167,699. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 20.03 and a beta of 1.01. The firm's 50-day simple moving average is $18.37 and its 200 day simple moving average is $17.14. 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 fifty-two week low of $13.12 and a fifty-two week high of $19.08.

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

Antero Midstream Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, July 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.16%. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AM shares. 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 set a $17.00 price target (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd.

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.