Vanguard Group Inc. Sells 220,897 Shares of Antero Midstream Corporation $AM

Vanguard Group Inc. reduced its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,647,256 shares of the pipeline company's stock after selling 220,897 shares during the period. Vanguard Group Inc. owned 7.44% of Antero Midstream worth $641,651,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hancock Whitney Corp lifted 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 valued at $650,000 after buying an additional 624 shares during the period. CWM LLC boosted its stake in Antero Midstream by 7.1% during the first quarter. CWM LLC now owns 9,472 shares of the pipeline company's stock worth $170,000 after buying an additional 629 shares in the last quarter. Private Advisor Group LLC increased its holdings in Antero Midstream by 1.6% in the 1st quarter. Private Advisor Group LLC now owns 40,726 shares of the pipeline company's stock valued at $733,000 after buying an additional 640 shares during the period. Commerce Bank raised its stake in shares of Antero Midstream by 5.0% in the 1st quarter. Commerce Bank now owns 16,739 shares of the pipeline company's stock valued at $301,000 after buying an additional 800 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings 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 acquiring an additional 845 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Insider Activity

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the sale, the director owned 73,645 shares of the company's stock, valued at $1,390,417.60. This represents a 6.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Antero Midstream Price Performance

Shares of NYSE:AM traded down $0.37 during trading on Monday, reaching $17.55. The stock had a trading volume of 644,650 shares, compared to its average volume of 3,120,873. The stock has a market capitalization of $8.40 billion, a PE ratio of 18.46 and a beta of 0.97. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. Antero Midstream Corporation has a 52 week low of $14.06 and a 52 week high of $19.08. The business's 50-day moving average price is $18.02 and its 200 day moving average price is $17.53.

Antero Midstream (NYSE:AM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%. The firm had revenue of $305.47 million during the quarter, compared to analysts' expectations of $292.70 million. During the same period last year, the firm posted $0.23 EPS. The business's revenue was up 13.2% on a year-over-year basis. As a group, equities 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 declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, July 23rd. Antero Midstream's payout ratio is currently 94.74%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AM shares. Morgan Stanley increased their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Wells Fargo & Company upped their price target on Antero Midstream from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st.

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.