Inscription Capital LLC Acquires Shares of 32,498 Antero Midstream Corporation (NYSE:AM)

Inscription Capital LLC acquired a new position in Antero Midstream Corporation (NYSE:AM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,498 shares of the pipeline company's stock, valued at approximately $585,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings 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 worth $62,000 after buying an additional 2,188 shares during the period. TD Waterhouse Canada Inc. boosted its stake in shares of Antero Midstream by 20.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after acquiring an additional 963 shares during the period. Blue Trust Inc. grew its position in shares of Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after purchasing an additional 2,612 shares in the last quarter. Allworth Financial LP grew its position in shares of Antero Midstream by 17.8% during the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after purchasing an additional 951 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in Antero Midstream during the 4th quarter valued at approximately $119,000. Hedge funds and other institutional investors own 53.97% of the company's stock.

Analyst Ratings Changes

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

Antero Midstream Price Performance

Shares of NYSE:AM traded up $0.04 during mid-day trading on Thursday, reaching $18.13. The stock had a trading volume of 2,725,855 shares, compared to its average volume of 2,943,803. The business's 50 day moving average price is $17.92 and its 200 day moving average price is $16.81. Antero Midstream Corporation has a 1 year low of $13.12 and a 1 year high of $19.09. The company has a market cap of $8.69 billion, a P/E ratio of 20.84 and a beta of 1.03. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.49.

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. 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 for the quarter, compared to analysts' expectations of $277.79 million. During the same period in the prior year, the firm earned $0.21 EPS. The company's revenue for the quarter was up 4.3% on a year-over-year basis. Research analysts expect that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were paid a $0.225 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.96%. Antero Midstream's payout ratio is currently 103.45%.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated 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 transaction, the director now owns 73,645 shares in the company, valued at approximately $1,390,417.60. This trade represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.