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

Praxis Investment Management Inc. lessened its position in Antero Midstream Corporation (NYSE:AM - Free Report) by 47.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Antero Midstream by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock valued at $541,250,000 after buying an additional 96,788 shares during the last quarter. Dimensional Fund Advisors LP raised 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 during the last quarter. Tortoise Capital Advisors L.L.C. raised its position in Antero Midstream by 2.0% in 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 last quarter. Geode Capital Management LLC raised its position in Antero Midstream by 0.4% in 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 last quarter. Finally, Norges Bank acquired a new stake in Antero Midstream in the 4th quarter valued at approximately $62,578,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Analyst Ratings Changes

A number of 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 upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

Antero Midstream Stock Up 1.2%

AM stock opened at $18.35 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.49. The business has a 50 day moving average price of $17.96 and a two-hundred day moving average price of $16.85. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 21.10 and a beta of 1.03. Antero Midstream Corporation has a twelve month low of $13.12 and a twelve month high of $19.09.

Antero Midstream (NYSE:AM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 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 company had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. During the same period in the previous year, the company posted $0.21 EPS. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.90%. Antero Midstream's dividend payout ratio is currently 103.45%.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream 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 now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

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.

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