Riverwater Partners LLC Purchases New Shares in Antero Midstream Corporation (NYSE:AM)

Riverwater Partners LLC acquired a new position in Antero Midstream Corporation (NYSE:AM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 54,124 shares of the pipeline company's stock, valued at approximately $974,000.

A number of other large investors have also modified their holdings of AM. UMB Bank n.a. increased its stake in shares of Antero Midstream by 170.8% in the 1st 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 in the last quarter. TD Waterhouse Canada Inc. grew 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 valued at $85,000 after purchasing an additional 963 shares during the period. Blue Trust Inc. increased its position in shares of Antero Midstream by 84.3% in the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after buying an additional 2,612 shares in the last quarter. Allworth Financial LP increased its position in shares of Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after buying an additional 951 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Antero Midstream during the 4th quarter worth approximately $119,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Analyst Upgrades and Downgrades

AM has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an "underweight" rating and set a $17.00 target price (up previously from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

Antero Midstream Trading Up 0.2%

AM stock opened at $18.13 on Friday. Antero Midstream Corporation has a 12-month low of $13.12 and a 12-month high of $19.09. The business's 50-day moving average is $17.92 and its 200 day moving average is $16.81. 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 stock has a market cap of $8.69 billion, a price-to-earnings ratio of 20.84 and a beta of 1.03.

Antero Midstream (NYSE:AM - Get Free Report) last released its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, beating 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 the consensus estimate of $277.79 million. During the same quarter last year, the business posted $0.21 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a yield of 4.96%. Antero Midstream's dividend payout ratio (DPR) is presently 103.45%.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the transaction, the director now directly owns 73,645 shares of the company's stock, 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 filing with the SEC, which is available at this link. 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.

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