Insider Selling: Antero Midstream (NYSE:AM) Director Sells 5,000 Shares of Stock

Antero Midstream Corporation (NYSE:AM) Director Brooks Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total value of $87,950.00. Following the completion of the transaction, the director directly owned 72,622 shares of the company’s stock, valued at $1,277,420.98. This represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Antero Midstream Price Performance

Shares of NYSE AM traded down $0.34 during trading on Tuesday, reaching $17.67. The company had a trading volume of 2,605,162 shares, compared to its average volume of 2,850,075. Antero Midstream Corporation has a 52 week low of $14.22 and a 52 week high of $19.82. The business’s 50 day moving average price is $17.98 and its 200-day moving average price is $18.13. The stock has a market cap of $8.41 billion, a PE ratio of 18.03 and a beta of 0.82. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.26 and a current ratio of 1.26.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $294.82 million for the quarter, compared to the consensus estimate of $287.30 million. Antero Midstream had a return on equity of 22.61% and a net margin of 40.07%.The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. 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 disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio (DPR) is presently 91.84%.

Institutional Trading of Antero Midstream

A number of large investors have recently made changes to their positions in AM. Vanguard Group Inc. raised its stake in Antero Midstream by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 37,213,184 shares of the pipeline company’s stock worth $723,424,000 after buying an additional 124,102 shares during the period. Tortoise Capital Advisors L.L.C. grew its stake in Antero Midstream by 31.7% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company’s stock valued at $167,614,000 after acquiring an additional 2,242,283 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Antero Midstream by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 9,224,028 shares of the pipeline company’s stock worth $179,316,000 after acquiring an additional 71,606 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Antero Midstream by 22.3% during the third quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock worth $152,574,000 after purchasing an additional 1,430,138 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Antero Midstream by 17.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,662,358 shares of the pipeline company’s stock worth $83,922,000 after purchasing an additional 697,234 shares during the period. Institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday. Morgan Stanley raised their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, November 12th. Wall Street Zen lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. The Goldman Sachs Group increased their price target on Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a research note on Monday, August 18th. Finally, Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Antero Midstream has an average rating of “Hold” and an average target price of $18.83.

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.