Wealth Enhancement Advisory Services LLC Raises Position in Antero Midstream Corporation (NYSE:AM)

Wealth Enhancement Advisory Services LLC lifted its position in Antero Midstream Corporation (NYSE:AM - Free Report) by 102.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 47,356 shares of the pipeline company's stock after purchasing an additional 23,922 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Antero Midstream were worth $852,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in Antero Midstream during the 4th quarter valued at $486,000. SVB Wealth LLC bought a new stake in shares of Antero Midstream during the 4th quarter valued at about $289,000. Fisher Asset Management LLC purchased a new position in shares of Antero Midstream during the fourth quarter valued at about $165,000. Metis Global Partners LLC raised its stake in Antero Midstream by 4.3% in the fourth quarter. Metis Global Partners LLC now owns 19,773 shares of the pipeline company's stock worth $298,000 after buying an additional 821 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Antero Midstream in the fourth quarter worth about $226,000. Institutional investors own 53.97% of the company's stock.

Antero Midstream Stock Up 0.4%

Shares of NYSE:AM traded up $0.07 during midday trading on Thursday, reaching $18.32. The company's stock had a trading volume of 1,774,339 shares, compared to its average volume of 2,982,367. 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 firm has a 50 day moving average of $18.25 and a 200-day moving average of $17.01. The firm has a market capitalization of $8.78 billion, a P/E ratio of 21.05 and a beta of 1.01. Antero Midstream Corporation has a 12-month low of $13.12 and a 12-month high of $19.09.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $277.79 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. The business's revenue was up 4.3% compared to the same quarter last year. On average, research analysts anticipate that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.91%. Antero Midstream's payout ratio is currently 103.45%.

Analyst Ratings Changes

Several analysts have weighed in on AM shares. Morgan Stanley reaffirmed an "underweight" rating and set a $17.00 price objective (up from $16.00) on shares of Antero Midstream in a research report on Tuesday, June 3rd. Wall Street Zen upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the sale, the director directly owned 73,645 shares of the company's stock, valued at approximately $1,390,417.60. The trade was a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% 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.