Silver Oak Securities Incorporated Buys New Shares in Antero Midstream Corporation (NYSE:AM)

Silver Oak Securities Incorporated purchased a new position in Antero Midstream Corporation (NYSE:AM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,577 shares of the pipeline company's stock, valued at approximately $459,000.

A number of other hedge funds have also modified their holdings of the stock. Proficio Capital Partners LLC acquired a new position in Antero Midstream during the fourth quarter worth $486,000. Fisher Asset Management LLC acquired a new position in Antero Midstream during the fourth quarter worth $165,000. Steward Partners Investment Advisory LLC increased its position in Antero Midstream by 67.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 61,451 shares of the pipeline company's stock worth $927,000 after buying an additional 24,840 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Antero Midstream by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company's stock worth $57,769,000 after buying an additional 37,787 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Antero Midstream by 44.9% during the fourth quarter. Victory Capital Management Inc. now owns 195,884 shares of the pipeline company's stock worth $2,956,000 after buying an additional 60,654 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Performance

AM stock traded up $0.07 during mid-day trading on Friday, reaching $18.32. 1,774,339 shares of the stock traded hands, compared to its average volume of 2,988,424. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.49. Antero Midstream Corporation has a 52 week low of $13.12 and a 52 week high of $19.09. The business has a 50-day moving average of $18.30 and a two-hundred day moving average of $17.08. The firm has a market capitalization of $8.78 billion, a PE ratio of 21.05 and a beta of 1.01.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. During the same period in the prior year, the company earned $0.21 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.91%. The ex-dividend date was Wednesday, April 23rd. Antero Midstream's payout ratio is presently 103.45%.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the 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 completion of the sale, the director owned 73,645 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on AM shares. Morgan Stanley reissued an "underweight" rating and set a $17.00 target price (up from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.

About Antero Midstream

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.