Teacher Retirement System of Texas Cuts Position in Antero Midstream Corporation (NYSE:AM)

Teacher Retirement System of Texas cut its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 35.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,529 shares of the pipeline company's stock after selling 40,622 shares during the period. Teacher Retirement System of Texas' holdings in Antero Midstream were worth $1,306,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hancock Whitney Corp grew its stake in Antero Midstream by 1.5% in the 4th 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 last quarter. State of Alaska Department of Revenue boosted its stake in shares of 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 purchasing an additional 845 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Antero Midstream by 0.4% during 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 boosted its stake in shares of Antero Midstream by 0.6% during 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 purchasing an additional 940 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its stake in shares of Antero Midstream by 0.7% during the 4th quarter. Gotham Asset Management LLC now owns 140,998 shares of the pipeline company's stock worth $2,128,000 after purchasing an additional 957 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the firm'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 value of $94,400.00. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by insiders.

Antero Midstream Trading Up 0.1%

Shares of AM stock traded up $0.02 during trading hours on Wednesday, hitting $17.56. 1,744,810 shares of the company were exchanged, compared to its average volume of 2,978,826. The firm has a market cap of $8.41 billion, a PE ratio of 20.18 and a beta of 1.01. Antero Midstream Corporation has a 1 year low of $13.12 and a 1 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 firm has a fifty day moving average of $18.37 and a 200 day moving average of $17.21.

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 for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. The company's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. Analysts expect 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 issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, July 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.13%. Antero Midstream's payout ratio is currently 103.45%.

Wall Street Analysts Forecast Growth

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

About Antero Midstream

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.