Vestmark Advisory Solutions Inc. Acquires 15,648 Shares of Antero Midstream Corporation $AM

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Antero Midstream Corporation by 100% during the first quarter, acquiring an additional 15,648 shares for a total of 31,296 shares worth approximately $563,000.
• Antero Midstream's recent earnings report showed an earnings per share (EPS) of $0.26, beating analysts' expectations of $0.24, with revenues for the quarter rising by 13.2% year-over-year to $305.47 million.
• The company declared a quarterly dividend of $0.225 per share with a yield of 5.1%, reflecting a high dividend payout ratio of 94.74%.

Vestmark Advisory Solutions Inc. boosted its stake in Antero Midstream Corporation (NYSE:AM - Free Report) by 100.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,296 shares of the pipeline company's stock after acquiring an additional 15,648 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Antero Midstream were worth $563,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new stake in Antero Midstream in the 1st quarter valued at approximately $29,000. UMB Bank n.a. increased its holdings in shares of Antero Midstream by 170.8% during 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 last quarter. TD Waterhouse Canada Inc. increased its holdings 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. GAMMA Investing LLC increased its holdings in Antero Midstream by 34.0% in the 1st 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 in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Antero Midstream in the 4th quarter valued at $159,000. Hedge funds and other institutional investors own 53.97% of the company's stock.

Wall Street Analyst Weigh In

AM has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Antero Midstream from $15.50 to $17.50 and gave the company a "neutral" rating in a research report on Monday. Morgan Stanley increased their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Wells Fargo & Company increased their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $18.50.

Antero Midstream Stock Down 0.5%

NYSE:AM traded down $0.0830 during trading hours on Friday, reaching $17.6270. The company's stock had a trading volume of 1,157,298 shares, compared to its average volume of 3,112,708. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 18.55 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 one year low of $14.06 and a one year high of $19.08. The business's 50-day moving average is $17.96 and its 200-day moving average is $17.55.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The business had revenue of $305.47 million during the quarter, compared to analyst estimates of $292.70 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.1%. Antero Midstream's dividend payout ratio (DPR) is presently 94.74%.

Insider Buying and Selling

In other news, insider Sheri Pearce sold 39,155 shares of Antero Midstream stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the transaction, the insider directly owned 106,489 shares of the company's stock, valued at $1,864,622.39. This trade represents a 26.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brooks J. Klimley sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was 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 in the company, valued at approximately $1,390,417.60. The trade was a 6.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company 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.