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

Exchange Traded Concepts LLC reduced its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 14.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 789,690 shares of the pipeline company's stock after selling 138,325 shares during the quarter. Exchange Traded Concepts LLC owned 0.16% of Antero Midstream worth $14,214,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Antero Midstream by 170.8% in the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after acquiring an additional 2,188 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after buying an additional 963 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after buying an additional 2,612 shares in the last quarter. Allworth Financial LP lifted its holdings 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 valued at $104,000 after buying an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in Antero Midstream during the fourth quarter worth $119,000. Hedge funds and other institutional investors own 53.97% of the company's stock.

Antero Midstream Price Performance

Antero Midstream stock traded down $0.12 during trading hours on Monday, hitting $18.17. The stock had a trading volume of 550,041 shares, compared to its average volume of 2,930,799. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 21.91 and a beta of 1.03. Antero Midstream Co. has a 1-year low of $13.12 and a 1-year high of $19.09. The stock's fifty day moving average is $17.76 and its two-hundred day moving average is $16.76. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. As a group, analysts predict that Antero Midstream Co. will post 0.95 earnings per share 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 paid a $0.225 dividend. 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 103.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company raised 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. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Finally, Morgan Stanley restated an "underweight" rating and set a $17.00 target price (up from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the sale, the director now owns 73,645 shares of the company's stock, valued at $1,390,417.60. The trade was a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by insiders.

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.