Impact Partnership Wealth LLC acquired a new stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,011 shares of the pipeline company's stock, valued at approximately $306,000.
A number of other hedge funds also recently bought and sold shares of AM. Transce3nd LLC acquired a new position in Antero Midstream in the first quarter worth approximately $29,000. UMB Bank n.a. grew its holdings in Antero Midstream by 170.8% during the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after purchasing an additional 2,188 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after purchasing an additional 963 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Antero Midstream during the fourth quarter valued at approximately $119,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in Antero Midstream by 5,787.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock valued at $124,000 after purchasing an additional 8,102 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on AM. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Morgan Stanley reissued an "underweight" rating and set a $17.00 price objective (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd.
View Our Latest Stock Analysis on Antero Midstream
Insider Buying and Selling at Antero Midstream
In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director owned 73,645 shares of the company's stock, valued at $1,390,417.60. This represents a 6.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company's stock.
Antero Midstream Stock Up 0.3%
Antero Midstream stock traded up $0.06 during mid-day trading on Tuesday, reaching $17.28. The stock had a trading volume of 1,507,436 shares, compared to its average volume of 2,971,806. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 1.42. Antero Midstream Corporation has a fifty-two week low of $13.12 and a fifty-two week high of $19.09. The stock's 50-day simple moving average is $18.36 and its 200-day simple moving average is $17.27. The firm has a market capitalization of $8.28 billion, a PE ratio of 19.86 and a beta of 1.01.
Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The business had revenue of $291.13 million for 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%. Antero Midstream's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. On average, sell-side analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.
Antero Midstream Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend is Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.
Antero Midstream Profile
(
Free Report)
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.
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