Kestra Private Wealth Services LLC Takes Position in Antero Midstream Corporation (NYSE:AM)

Kestra Private Wealth Services LLC acquired a new position in shares of 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 firm acquired 55,501 shares of the pipeline company's stock, valued at approximately $999,000.

Several other large investors have also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in Antero Midstream in the first quarter valued at about $29,000. UMB Bank n.a. lifted its stake 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 worth $62,000 after acquiring an additional 2,188 shares during the period. TD Waterhouse Canada Inc. increased its holdings in 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 purchasing an additional 963 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Antero Midstream in the fourth quarter worth approximately $119,000. Finally, GAMMA Investing LLC increased its holdings in shares of Antero Midstream by 34.0% during the first quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock valued at $154,000 after acquiring an additional 2,165 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Down 0.1%

NYSE:AM traded down $0.03 during trading hours on Friday, reaching $17.06. 2,292,161 shares of the company traded hands, compared to its average volume of 3,136,792. The business's 50-day moving average price is $18.29 and its two-hundred day moving average price is $17.28. The stock has a market capitalization of $8.17 billion, a P/E ratio of 19.60 and a beta of 1.01. Antero Midstream Corporation has a 1 year low of $13.12 and a 1 year high of $19.08. 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 posted its earnings results 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 return on equity of 19.75% and a net margin of 37.35%. The company had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. Antero Midstream's revenue was up 4.3% on a year-over-year basis. Analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently declared 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. This represents a $0.90 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date is Wednesday, July 23rd. Antero Midstream's payout ratio is presently 103.45%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 5,000 shares of the business's stock in a transaction 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 transaction, the director directly owned 73,645 shares in the company, valued at $1,390,417.60. The trade was a 6.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by insiders.

About Antero Midstream

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.