Antero Midstream Corporation (NYSE:AM) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its holdings in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 14.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 789,690 shares of the pipeline company's stock after selling 138,325 shares during the period. Exchange Traded Concepts LLC owned approximately 0.16% of Antero Midstream worth $14,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC raised its holdings in Antero Midstream by 4.3% during the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock worth $636,000 after purchasing an additional 1,751 shares during the last quarter. Blue Trust Inc. increased its position in shares of Antero Midstream by 84.3% in the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after buying an additional 2,612 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Antero Midstream by 1.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 80,904 shares of the pipeline company's stock worth $1,221,000 after buying an additional 1,149 shares during the last quarter. Allworth Financial LP boosted its position in shares of Antero Midstream by 17.8% in the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after buying an additional 951 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Antero Midstream by 0.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 135,343 shares of the pipeline company's stock worth $2,042,000 after buying an additional 1,045 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company increased their target price on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Morgan Stanley reissued an "underweight" rating and set a $17.00 price target (up previously from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd.

Antero Midstream Trading Up 0.2%

NYSE:AM traded up $0.04 on Wednesday, reaching $18.13. The stock had a trading volume of 2,695,618 shares, compared to its average volume of 3,202,734. Antero Midstream Corporation has a 12-month low of $13.12 and a 12-month high of $19.08. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 20.84 and a beta of 1.03. The firm's fifty day moving average is $17.84 and its two-hundred day moving average is $16.78. 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 released its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $291.13 million during the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a return on equity of 19.75% and a net margin of 37.35%. The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. Equities analysts expect that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is currently 103.45%.

Insider Transactions at Antero Midstream

In other 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 sale, the director now owns 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company's stock.

Antero Midstream 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.