UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in Antero Midstream Corporation $AM

Key Points

• UBS Asset Management cut its Antero Midstream stake by 7.5% in the second quarter, selling 64,808 shares and retaining 798,718 shares valued at approximately $18.2 million. Institutional investors collectively own 53.97% of the company.
• Antero Midstream reported quarterly EPS of $0.27, matching estimates, while revenue rose 7.1% year over year to $327.24 million. The company maintains a quarterly dividend of $0.225 per share, representing a 4.0% annualized yield.
• Analysts maintain a generally neutral outlook, with one Buy rating and five Holds and an average price target of $24.50. Two company insiders also recently sold shares, while the stock traded near $22.61.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 7.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 798,718 shares of the pipeline company's stock after selling 64,808 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Antero Midstream worth $18,171,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AM. Clearstead Trust LLC purchased a new position in shares of Antero Midstream in the 2nd quarter valued at about $30,000. Larson Financial Group LLC increased its stake in shares of Antero Midstream by 68.1% during the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company's stock worth $31,000 after buying an additional 708 shares during the period. Arax Advisory Partners raised its holdings in Antero Midstream by 83.9% in the fourth quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company's stock valued at $31,000 after acquiring an additional 791 shares in the last quarter. Ancora Advisors LLC purchased a new position in Antero Midstream in the second quarter worth approximately $38,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Antero Midstream by 219,900.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company's stock worth $39,000 after acquiring an additional 2,199 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $22.61 on Friday. The firm has a market capitalization of $10.73 billion, a P/E ratio of 26.92 and a beta of 0.65. Antero Midstream Corporation has a 52 week low of $16.96 and a 52 week high of $23.83. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83. The firm's 50 day moving average is $22.31 and its two-hundred day moving average is $22.12.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The business had revenue of $327.24 million during the quarter, compared to the consensus estimate of $326.43 million. During the same quarter in the previous year, the firm earned $0.29 EPS. The company's revenue was up 7.1% compared to the same quarter last year. Research analysts forecast that Antero Midstream Corporation will post 1.09 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, July 29th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.90 annualized dividend and a dividend yield of 4.0%. Antero Midstream's dividend payout ratio (DPR) is presently 107.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AM shares. The Goldman Sachs Group set a $24.00 price objective on shares of Antero Midstream in a research report on Tuesday, July 14th. Wells Fargo & Company boosted their target price on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. Finally, Weiss Ratings lowered Antero Midstream from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Antero Midstream has an average rating of "Hold" and an average price target of $24.50.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the completion of the sale, the director directly owned 68,204 shares of the company's stock, valued at $1,450,699.08. This represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sheri Pearce sold 16,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total value of $352,160.00. Following the transaction, the insider owned 83,900 shares in the company, valued at $1,846,639. This represents a 16.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

About Antero Midstream

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company's core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.

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