Antero Midstream Corporation (NYSE:AM) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. cut its holdings in Antero Midstream Corporation (NYSE:AM - Free Report) by 63.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,649 shares of the pipeline company's stock after selling 18,710 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Antero Midstream were worth $192,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Hancock Whitney Corp grew its position in Antero Midstream by 1.5% during the fourth quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company's stock valued at $650,000 after acquiring an additional 624 shares during the period. State of Alaska Department of Revenue lifted its holdings in Antero Midstream by 0.4% during the 1st quarter. State of Alaska Department of Revenue now owns 194,907 shares of the pipeline company's stock worth $3,507,000 after buying an additional 845 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Antero Midstream by 0.4% in the 1st quarter. QRG Capital Management Inc. now owns 253,566 shares of the pipeline company's stock worth $4,564,000 after purchasing an additional 899 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Antero Midstream by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 149,041 shares of the pipeline company's stock worth $2,249,000 after buying an additional 940 shares in the last quarter. Finally, Gotham Asset Management LLC grew its holdings in shares of Antero Midstream by 0.7% in the 4th quarter. Gotham Asset Management LLC now owns 140,998 shares of the pipeline company's stock worth $2,128,000 after acquiring an additional 957 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the sale, the director directly owned 73,645 shares in the company, valued at approximately $1,390,417.60. The trade was a 6.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.61% of the company's stock.

Antero Midstream Stock Up 1.9%

AM stock traded up $0.34 during trading on Friday, reaching $17.99. The stock had a trading volume of 2,664,032 shares, compared to its average volume of 2,978,800. Antero Midstream Corporation has a one year low of $13.12 and a one year 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 company's 50 day moving average is $18.36 and its two-hundred day moving average is $17.26. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 20.68 and a beta of 1.01.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The pipeline company reported $0.25 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 for the quarter, compared to analysts' expectations of $277.79 million. During the same period in the prior year, the company posted $0.21 EPS. Antero Midstream's revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.00%. The ex-dividend date is Wednesday, July 23rd. Antero Midstream's payout ratio is currently 103.45%.

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.