State of Wyoming Sells 15,433 Shares of Antero Midstream Corporation $AM

Key Points

• The State of Wyoming sold 15,433 shares of Antero Midstream Corporation, reducing its stake by 79.1%, leaving them with only 4,069 shares valued at $73,000.
• Multiple institutional investors, including Ameriprise Financial and Deutsche Bank, have recently increased their stakes in Antero Midstream, indicating growing interest, as 53.97% of the stock is now owned by institutional investors.
• Antero Midstream declared a quarterly dividend of $0.225 per share, with a 5.0% dividend yield, demonstrating the company's ongoing commitment to returning value to shareholders.

State of Wyoming reduced its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 79.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,069 shares of the pipeline company's stock after selling 15,433 shares during the period. State of Wyoming's holdings in Antero Midstream were worth $73,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AM. Ameriprise Financial Inc. lifted its holdings in Antero Midstream by 19.1% during the 4th quarter. Ameriprise Financial Inc. now owns 412,371 shares of the pipeline company's stock valued at $6,223,000 after purchasing an additional 66,056 shares during the last quarter. Baird Financial Group Inc. bought a new position in Antero Midstream during the 4th quarter valued at about $251,000. Cetera Investment Advisers lifted its holdings in Antero Midstream by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 576,084 shares of the pipeline company's stock valued at $8,693,000 after purchasing an additional 13,205 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Antero Midstream during the 4th quarter valued at about $159,000. Finally, Deutsche Bank AG lifted its holdings in Antero Midstream by 16.4% during the 4th quarter. Deutsche Bank AG now owns 182,608 shares of the pipeline company's stock valued at $2,756,000 after purchasing an additional 25,670 shares during the last quarter. 53.97% of the stock is owned by institutional investors.

Insider Activity at Antero Midstream

In other news, insider Sheri Pearce sold 39,155 shares of Antero Midstream stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the completion of the sale, the insider owned 106,489 shares in the company, valued at $1,864,622.39. The trade was a 26.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on AM shares. Morgan Stanley lifted their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the company an "underweight" rating in a report on Wednesday, August 6th. Wells Fargo & Company raised their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Zacks Research upgraded shares of Antero Midstream from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, The Goldman Sachs Group raised their price objective on shares of Antero Midstream from $15.50 to $17.50 and gave the company a "neutral" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Antero Midstream has a consensus rating of "Hold" and a consensus target price of $18.50.

Antero Midstream Stock Down 0.9%

Shares of NYSE:AM opened at $18.09 on Tuesday. Antero Midstream Corporation has a one year low of $14.06 and a one year high of $19.08. The company has a 50 day moving average of $17.82 and a 200-day moving average of $17.69. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 19.04 and a beta of 0.92.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The company had revenue of $305.47 million during the quarter, compared to analysts' expectations of $292.70 million. During the same quarter in the previous year, the company earned $0.23 EPS. Antero Midstream's revenue was up 13.2% on a year-over-year basis. On average, sell-side analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.0%. Antero Midstream's payout ratio is currently 94.74%.

Antero Midstream Company 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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