Segment Wealth Management LLC acquired a new position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,510 shares of the pipeline company's stock, valued at approximately $297,000.
A number of other institutional investors have also recently bought and sold shares of AM. UMB Bank n.a. raised its stake in shares of Antero Midstream by 170.8% during the 1st quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock worth $62,000 after purchasing an additional 2,188 shares in the last quarter. 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 buying an additional 963 shares during the last quarter. Blue Trust Inc. raised its position in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after acquiring an additional 2,612 shares in the last quarter. Allworth Financial LP raised its position in Antero Midstream by 17.8% during the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after acquiring an additional 951 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in Antero Midstream in the fourth quarter valued at approximately $119,000. Institutional investors and hedge funds own 53.97% of the company's stock.
Antero Midstream Stock Up 1.2%
AM opened at $18.35 on Friday. The firm has a market cap of $8.80 billion, a P/E ratio of 21.10 and a beta of 1.03. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50 day moving average price of $17.96 and a 200 day moving average price of $16.83. 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 quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. The business had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. During the same period in the previous year, the company earned $0.21 earnings per share. Antero Midstream's revenue for the quarter was up 4.3% on a year-over-year basis. Research analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current year.
Antero Midstream Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is 103.45%.
Insider Activity
In other news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 73,645 shares of the company's stock, valued at approximately $1,390,417.60. This represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on AM shares. Morgan Stanley restated an "underweight" rating and set a $17.00 price target (up previously 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 report on Thursday, April 3rd.
View Our Latest Report on Antero Midstream
Antero Midstream Profile
(
Free Report)
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.
Further Reading
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