CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $13.93 Million Stock Holdings in Antero Midstream Corporation (NYSE:AM)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT decreased its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 774,000 shares of the pipeline company's stock after selling 190,000 shares during the quarter. Antero Midstream makes up approximately 0.9% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings, making the stock its 22nd largest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned about 0.16% of Antero Midstream worth $13,932,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Hancock Whitney Corp raised its stake in shares of Antero Midstream by 1.5% during the fourth quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company's stock worth $650,000 after buying an additional 624 shares during the last quarter. Metis Global Partners LLC grew its holdings in Antero Midstream by 4.3% during the 4th quarter. Metis Global Partners LLC now owns 19,773 shares of the pipeline company's stock worth $298,000 after acquiring an additional 821 shares during the period. Arizona State Retirement System raised its position in shares of 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 acquiring an additional 824 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Antero Midstream by 0.4% during the 1st quarter. State of Alaska Department of Revenue now owns 194,907 shares of the pipeline company's stock valued at $3,507,000 after acquiring an additional 845 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of Antero Midstream by 0.4% in the 1st quarter. QRG Capital Management Inc. now owns 253,566 shares of the pipeline company's stock valued at $4,564,000 after purchasing an additional 899 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value 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. This trade represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Antero Midstream Stock Down 4.1%

Shares of NYSE:AM traded down $0.77 during trading on Tuesday, hitting $18.18. 3,916,795 shares of the company's stock traded hands, compared to its average volume of 2,976,667. The company has a 50-day moving average price of $18.19 and a 200-day moving average price of $17.00. Antero Midstream Corporation has a 52 week low of $13.12 and a 52 week high of $19.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.49. The company has a market cap of $8.71 billion, a price-to-earnings ratio of 20.89 and a beta of 1.03.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, beating 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 company had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, research analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.95%. Antero Midstream's payout ratio is presently 103.45%.

Analysts Set New Price Targets

Several research firms have weighed in on AM. Morgan Stanley reissued 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 shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 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.