25,577 Shares in Antero Midstream Corporation (NYSE:AM) Purchased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated purchased a new position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,577 shares of the pipeline company's stock, valued at approximately $459,000.

Several other institutional investors have also made changes to their positions in AM. Vanguard Group Inc. lifted its stake in Antero Midstream by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company's stock valued at $541,250,000 after acquiring an additional 96,788 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Antero Midstream by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company's stock worth $137,516,000 after acquiring an additional 71,361 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in Antero Midstream by 2.0% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company's stock worth $106,680,000 after acquiring an additional 135,886 shares during the period. Geode Capital Management LLC increased its position in Antero Midstream by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company's stock worth $92,174,000 after acquiring an additional 25,001 shares during the period. Finally, Norges Bank bought a new position in Antero Midstream during the fourth quarter worth $62,578,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AM has been the topic of a number of recent research reports. Morgan Stanley reiterated 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 upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

Antero Midstream Stock Performance

AM traded down $0.13 during trading on Monday, reaching $17.99. 310,650 shares of the company's stock were exchanged, compared to its average volume of 2,978,051. Antero Midstream Corporation has a fifty-two week low of $13.12 and a fifty-two week high of $19.09. 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 $18.30 and a 200 day moving average price of $17.10. The company has a market capitalization of $8.62 billion, a P/E ratio of 20.67 and a beta of 1.01.

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, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $277.79 million. During the same quarter in the previous year, the company earned $0.21 EPS. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal 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 paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.00%. Antero Midstream's dividend payout ratio is presently 103.45%.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the business's 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 sale, the director owned 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.