Segment Wealth Management LLC acquired a new position in 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 institutional investor acquired 16,510 shares of the pipeline company's stock, valued at approximately $297,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in AM. UMB Bank n.a. raised its position in 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. lifted its position in Antero Midstream by 20.5% during 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 in the last quarter. Blue Trust Inc. grew its holdings 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 purchasing an additional 2,612 shares during the period. Allworth Financial LP increased its position in Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock worth $104,000 after buying an additional 951 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Antero Midstream in the fourth quarter worth about $119,000. Hedge funds and other institutional investors own 53.97% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AM. Morgan Stanley reissued an "underweight" rating and issued a $17.00 target price (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd.
Read Our Latest Report on Antero Midstream
Insider Buying and Selling
In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the transaction, the director now directly owns 73,645 shares of the company's stock, valued at $1,390,417.60. This trade represents a 6.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.61% of the stock is owned by company insiders.
Antero Midstream Price Performance
AM traded up $0.14 on Tuesday, hitting $18.51. 2,859,480 shares of the company's stock traded hands, compared to its average volume of 2,948,516. The company's 50 day simple moving average is $18.00 and its 200-day simple moving average is $16.87. 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 Corporation has a one year low of $13.12 and a one year high of $19.09. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 21.28 and a beta of 1.03.
Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $291.13 million for the quarter, compared to analysts' expectations of $277.79 million. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. As a group, research analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current year.
Antero Midstream Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a $0.225 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.86%. Antero Midstream's dividend payout ratio (DPR) is 103.45%.
About Antero Midstream
(
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.
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