Stratos Wealth Partners LTD. reduced its stake 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. The fund owned 10,649 shares of the pipeline company's stock after selling 18,710 shares during the period. 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 stock. Hancock Whitney Corp grew its stake in shares of Antero Midstream by 1.5% in the fourth quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company's stock worth $650,000 after acquiring an additional 624 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Antero Midstream by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 194,907 shares of the pipeline company's stock valued at $3,507,000 after purchasing an additional 845 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Antero Midstream by 0.4% during the first quarter. QRG Capital Management Inc. now owns 253,566 shares of the pipeline company's stock valued at $4,564,000 after purchasing an additional 899 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Antero Midstream by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 149,041 shares of the pipeline company's stock valued at $2,249,000 after purchasing an additional 940 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its holdings in shares of Antero Midstream by 0.7% during the fourth quarter. Gotham Asset Management LLC now owns 140,998 shares of the pipeline company's stock valued at $2,128,000 after purchasing an additional 957 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.
Antero Midstream Stock Performance
Shares of NYSE AM traded up $0.10 during trading on Thursday, hitting $17.66. The company had a trading volume of 2,384,052 shares, compared to its average volume of 2,977,829. The stock has a 50 day simple moving average of $18.37 and a 200 day simple moving average of $17.21. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.42 and a current ratio of 1.42. Antero Midstream Corporation has a 12 month low of $13.12 and a 12 month high of $19.09. The firm has a market capitalization of $8.46 billion, a P/E ratio of 20.29 and a beta of 1.01.
Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Antero Midstream had a return on equity of 19.75% and a net margin of 37.35%. The firm had revenue of $291.13 million for the quarter, compared to the consensus estimate of $277.79 million. During the same quarter last year, the company earned $0.21 earnings per share. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts anticipate that Antero Midstream Corporation will post 0.95 earnings per share for the current year.
Antero Midstream Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is currently 103.45%.
Insider Activity
In related news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the sale, the director owned 73,645 shares in the company, valued at approximately $1,390,417.60. This trade represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company's stock.
Wall Street Analysts Forecast Growth
AM has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an "underweight" rating and set a $17.00 price target (up from $16.00) on shares of Antero Midstream in a report on Tuesday, June 3rd. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd.
Get Our Latest Stock Report on AM
About Antero Midstream
(
Free Report)
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.
Further Reading
Before you consider Antero Midstream, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Antero Midstream wasn't on the list.
While Antero Midstream currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
