Silver Oak Securities Incorporated Makes New Investment in Antero Midstream Corporation (NYSE:AM)

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

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Antero Midstream by 84.3% in the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock worth $86,000 after purchasing an additional 2,612 shares during the last quarter. Allworth Financial LP lifted its stake in Antero Midstream by 17.8% during the 4th 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 during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of Antero Midstream by 0.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 135,343 shares of the pipeline company's stock valued at $2,042,000 after acquiring an additional 1,045 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Antero Midstream by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 15,050 shares of the pipeline company's stock valued at $227,000 after acquiring an additional 724 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Antero Midstream in the fourth quarter worth $1,008,000. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Stock Up 0.2%

AM opened at $18.13 on Friday. 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 twelve month low of $13.12 and a twelve month high of $19.09. The company has a market cap of $8.69 billion, a PE ratio of 20.84 and a beta of 1.03. The company has a 50-day moving average price of $17.92 and a 200 day moving average price of $16.81.

Antero Midstream (NYSE:AM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The company 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 firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. Sell-side analysts expect that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.96%. Antero Midstream's payout ratio is 103.45%.

Insider Buying and Selling

In related 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 transaction, the director now directly owns 73,645 shares in the company, valued at approximately $1,390,417.60. This represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AM. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Morgan Stanley restated an "underweight" rating and issued a $17.00 price objective (up previously from $16.00) on shares of Antero Midstream in a research 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.

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