Insider Selling: Antero Midstream (NYSE:AM) Insider Sells 14,000 Shares of Stock

Key Points

• Insider sale: Antero Midstream insider Sheri Pearce sold 14,000 shares on March 10 at an average price of $22.76 (~$318,640), reducing her stake by 12.29% to 99,900 shares valued at about $2.27M.
• Recent results: The company beat quarterly EPS estimates ($0.28 vs. $0.24) with $297M in revenue (up 3.3% YoY), a return on equity of 20.12% and a net margin of 34.77%.
• Dividend and analyst outlook: Antero pays a $0.225 quarterly dividend (annualized $0.90, ~4.0% yield) but carries a payout ratio of 104.65%; analysts have a consensus "Hold" rating with an average price target of $21.33.

Antero Midstream Corporation (NYSE:AM - Get Free Report) insider Sheri Pearce sold 14,000 shares of the company's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total transaction of $318,640.00. Following the completion of the transaction, the insider owned 99,900 shares of the company's stock, valued at $2,273,724. This trade represents a 12.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Antero Midstream Price Performance

AM traded down $0.18 during trading on Tuesday, reaching $22.58. The stock had a trading volume of 2,418,886 shares, compared to its average volume of 3,200,848. The business has a 50-day moving average of $19.79 and a 200-day moving average of $18.72. Antero Midstream Corporation has a one year low of $15.07 and a one year high of $23.10. The company has a debt-to-equity ratio of 1.63, a quick ratio of 3.41 and a current ratio of 3.41. The stock has a market cap of $10.68 billion, a PE ratio of 26.25 and a beta of 0.77.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The firm had revenue of $297.00 million during the quarter, compared to analyst estimates of $292.46 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company's revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were given a $0.225 dividend. The ex-dividend date was Wednesday, January 28th. This represents a $0.90 dividend on an annualized basis and a yield of 4.0%. Antero Midstream's payout ratio is presently 104.65%.

Analysts Set New Price Targets

A number of research analysts have commented on AM shares. Morgan Stanley increased their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the company an "underweight" rating in a research report on Wednesday, November 12th. Wells Fargo & Company boosted their price objective on shares of Antero Midstream from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, February 13th. Weiss Ratings raised shares of Antero Midstream from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Friday. Zacks Research lowered shares of Antero Midstream from a "strong-buy" rating to a "hold" rating in a report on Monday, February 2nd. Finally, The Goldman Sachs Group lifted their target price on shares of Antero Midstream from $18.00 to $23.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Antero Midstream presently has a consensus rating of "Hold" and an average price target of $21.33.

Institutional Trading of Antero Midstream

Several large investors have recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. increased its position in Antero Midstream by 330.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 994 shares during the period. Root Financial Partners LLC bought a new position in Antero Midstream in the 3rd quarter worth $25,000. Quent Capital LLC purchased a new stake in shares of Antero Midstream in the 3rd quarter worth about $28,000. Elevation Wealth Partners LLC purchased a new stake in shares of Antero Midstream in the 4th quarter worth about $27,000. Finally, Arax Advisory Partners boosted its stake in shares of Antero Midstream by 83.9% during the 4th quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 791 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

Antero Midstream Company Profile

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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