U.S. Capital Wealth Advisors LLC Takes $631,000 Position in Antero Midstream Corporation (NYSE:AM)

U.S. Capital Wealth Advisors LLC acquired a new position in Antero Midstream Corporation (NYSE:AM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 35,079 shares of the pipeline company's stock, valued at approximately $631,000.

A number of other large investors have also added to or reduced their stakes in AM. UMB Bank n.a. lifted its holdings in shares of Antero Midstream by 170.8% in the 1st quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock worth $62,000 after buying an additional 2,188 shares during the period. 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 purchasing an additional 963 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Antero Midstream during the 4th quarter worth $119,000. Harvest Fund Management Co. Ltd raised its stake in Antero Midstream by 5,787.1% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 8,242 shares of the pipeline company's stock valued at $124,000 after buying an additional 8,102 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Antero Midstream by 34.0% in the first quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company's stock valued at $154,000 after purchasing an additional 2,165 shares during the period. Institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Up 2.7%

NYSE AM traded up $0.47 during trading hours on Monday, reaching $17.92. 3,674,294 shares of the company traded hands, compared to its average volume of 2,988,307. Antero Midstream Corporation has a 12 month low of $13.12 and a 12 month high of $19.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $8.59 billion, a PE ratio of 20.60 and a beta of 1.01. The company has a 50 day moving average of $18.36 and a two-hundred day moving average of $17.19.

Antero Midstream (NYSE:AM - Get Free Report) last released its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $291.13 million for the quarter, compared to analysts' expectations of $277.79 million. Antero Midstream had a net margin of 37.35% and a return on equity of 19.75%. Antero Midstream's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. As a group, equities analysts expect that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Wednesday, July 23rd. Antero Midstream's payout ratio is 103.45%.

Analysts Set New Price Targets

A number of brokerages recently commented on AM. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Morgan Stanley reaffirmed an "underweight" rating and issued a $17.00 price objective (up from $16.00) on shares of Antero Midstream in a research note on Tuesday, June 3rd.

Insider Activity 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 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. 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 the SEC website. 0.61% of the stock is currently owned by insiders.

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.