Impact Partnership Wealth LLC Acquires New Position in Antero Midstream Corporation (NYSE:AM)

Impact Partnership Wealth LLC acquired a new stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 17,011 shares of the pipeline company's stock, valued at approximately $306,000.

Several other hedge funds also recently modified their holdings of AM. Transce3nd LLC acquired a new position in shares of Antero Midstream in the 1st quarter valued at about $29,000. UMB Bank n.a. increased its position in Antero Midstream by 170.8% in the 1st quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after buying an additional 2,188 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in 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 purchasing an additional 963 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Antero Midstream during the 4th quarter worth approximately $119,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in Antero Midstream by 5,787.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock worth $124,000 after purchasing an additional 8,102 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Insider Activity

In related news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Antero Midstream Trading Up 0.2%

Shares of Antero Midstream stock traded up $0.04 on Wednesday, hitting $17.00. 634,556 shares of the company traded hands, compared to its average volume of 2,972,881. The company has a market cap of $8.15 billion, a PE ratio of 19.57 and a beta of 1.01. 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 stock's 50 day moving average price is $18.32 and its 200-day moving average price is $17.29.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. The firm had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. During the same period in the previous 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. Equities research analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors 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 annualized dividend and a yield of 5.29%. Antero Midstream's dividend payout ratio is presently 103.45%.

Analyst Ratings Changes

Several research firms recently commented on AM. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Morgan Stanley reiterated an "underweight" rating and set a $17.00 target price (up previously 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.