Teacher Retirement System of Texas Sells 40,622 Shares of Antero Midstream Corporation (NYSE:AM)

Teacher Retirement System of Texas lowered its holdings in Antero Midstream Corporation (NYSE:AM - Free Report) by 35.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Antero Midstream by 170.8% in the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after acquiring an additional 2,188 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after buying an additional 963 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Antero Midstream during the 4th quarter worth about $119,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Antero Midstream by 5,787.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock worth $124,000 after buying an additional 8,102 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Antero Midstream by 34.0% during the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock worth $154,000 after buying an additional 2,165 shares during the last quarter. Institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Performance

Shares of NYSE AM traded up $0.00 during mid-day trading on Friday, reaching $17.44. 1,543,371 shares of the company were exchanged, compared to its average volume of 2,985,511. Antero Midstream Corporation has a twelve month low of $13.12 and a twelve month 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 simple moving average is $18.36 and its 200-day simple moving average is $17.17. The stock has a market capitalization of $8.36 billion, a P/E ratio of 20.05 and a beta of 1.01.

Antero Midstream (NYSE:AM - Get Free Report) last issued 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. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. The business had revenue of $291.13 million during the quarter, compared to analysts' expectations of $277.79 million. During the same quarter in the previous year, the company earned $0.21 EPS. The business's revenue was up 4.3% on a year-over-year basis. As a group, research analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.16%. The ex-dividend date is Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is 103.45%.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the completion of the sale, the director owned 73,645 shares in the company, valued at $1,390,417.60. The trade was a 6.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.