Diversified Trust Co Takes $495,000 Position in Antero Midstream Corporation (NYSE:AM)

Diversified Trust Co acquired a new stake in Antero Midstream Corporation (NYSE:AM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,490 shares of the pipeline company's stock, valued at approximately $495,000.

Several other hedge funds have also recently bought and sold shares of the company. Chung Wu Investment Group LLC increased its holdings in shares of Antero Midstream by 1.1% in the 1st quarter. Chung Wu Investment Group LLC now owns 128,860 shares of the pipeline company's stock valued at $2,319,000 after acquiring an additional 1,360 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in 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 purchasing an additional 975 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Antero Midstream by 7.0% in the first quarter. Oppenheimer & Co. Inc. now owns 742,257 shares of the pipeline company's stock valued at $13,361,000 after purchasing an additional 48,261 shares during the last quarter. Segment Wealth Management LLC acquired a new stake in Antero Midstream during the first quarter worth approximately $297,000. Finally, Riverwater Partners LLC purchased a new stake in shares of Antero Midstream during the 1st quarter worth approximately $974,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Trading Down 4.1%

AM traded down $0.77 during trading on Tuesday, hitting $18.18. The company's stock had a trading volume of 3,976,398 shares, compared to its average volume of 3,229,901. Antero Midstream Corporation has a twelve month low of $13.12 and a twelve month high of $19.08. The stock has a market cap of $8.71 billion, a PE ratio of 20.89 and a beta of 1.03. The firm's 50 day moving average price is $18.19 and its 200-day moving average price is $17.00. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.42 and a quick ratio of 1.42.

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

Antero Midstream Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated 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 directly 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

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.