Silver Oak Securities Incorporated Acquires Shares of 25,577 Antero Midstream Corporation (NYSE:AM)

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

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Proficio Capital Partners LLC acquired a new position in Antero Midstream in the 4th quarter valued at approximately $486,000. Fisher Asset Management LLC bought a new stake in Antero Midstream during the fourth quarter worth approximately $165,000. Steward Partners Investment Advisory LLC grew its holdings 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 valued at $927,000 after purchasing an additional 24,840 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Antero Midstream by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,828,315 shares of the pipeline company's stock valued at $57,769,000 after purchasing an additional 37,787 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Antero Midstream by 44.9% in 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. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Stock Performance

NYSE AM traded down $0.17 during midday trading on Monday, hitting $17.94. The company had a trading volume of 2,403,200 shares, compared to its average volume of 2,986,116. The firm has a fifty day simple moving average of $18.30 and a two-hundred day simple moving average of $17.10. 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 stock has a market cap of $8.60 billion, a price-to-earnings ratio of 20.62 and a beta of 1.01. Antero Midstream Corporation has a fifty-two week low of $13.12 and a fifty-two week high of $19.09.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $291.13 million during 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 business's revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS. Equities analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend was Wednesday, April 23rd. Antero Midstream's dividend payout ratio is currently 103.45%.

Insiders Place Their Bets

In related news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated 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 directly owned 73,645 shares in the company, valued at $1,390,417.60. This trade represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AM. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Morgan Stanley reaffirmed an "underweight" rating and issued a $17.00 target price (up previously from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd.

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.