Praxis Investment Management Inc. Has $281,000 Stock Holdings in Antero Midstream Corporation (NYSE:AM)

Praxis Investment Management Inc. cut its position in Antero Midstream Corporation (NYSE:AM - Free Report) by 47.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,610 shares of the pipeline company's stock after selling 14,280 shares during the quarter. Praxis Investment Management Inc.'s holdings in Antero Midstream were worth $281,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Antero Midstream by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock valued at $541,250,000 after purchasing an additional 96,788 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Antero Midstream by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company's stock valued at $137,516,000 after buying an additional 71,361 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in Antero Midstream by 2.0% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company's stock valued at $106,680,000 after buying an additional 135,886 shares during the period. Geode Capital Management LLC increased its stake in Antero Midstream by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock valued at $92,174,000 after buying an additional 25,001 shares during the period. Finally, Norges Bank bought a new stake in shares of Antero Midstream during the 4th quarter worth about $62,578,000. 53.97% of the stock is currently owned by institutional investors.

Insider Activity

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the sale, the director now owns 73,645 shares in the company, valued at approximately $1,390,417.60. The trade was a 6.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

AM has been the subject of several recent analyst reports. Morgan Stanley reiterated an "underweight" rating and issued a $17.00 price objective (up 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 research note on Thursday, April 3rd.

Antero Midstream Price Performance

NYSE:AM traded up $0.45 during mid-day trading on Thursday, reaching $18.91. 2,749,270 shares of the stock were exchanged, compared to its average volume of 2,951,823. 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 business has a fifty day moving average price of $18.10 and a 200 day moving average price of $16.92. Antero Midstream Corporation has a 1-year low of $13.12 and a 1-year high of $19.09. The firm has a market capitalization of $9.06 billion, a PE ratio of 21.74 and a beta of 1.03.

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 (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. The company had revenue of $291.13 million for the quarter, compared to analysts' expectations of $277.79 million. During the same quarter in the previous year, the company posted $0.21 EPS. The business's revenue was up 4.3% compared to the same quarter last year. Research analysts expect that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.76%. Antero Midstream's dividend payout ratio is currently 103.45%.

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.