Antero Midstream Corporation $AM Stake Trimmed by Brave Warrior Advisors LLC

Brave Warrior Advisors LLC lessened its stake in shares of Antero Midstream Corporation (NYSE:AM) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,865,330 shares of the pipeline company’s stock after selling 32,446 shares during the period. Antero Midstream comprises 0.8% of Brave Warrior Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Brave Warrior Advisors LLC’s holdings in Antero Midstream were worth $36,262,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Richardson Financial Services Inc. increased its position in shares of Antero Midstream by 330.2% in the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 994 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Antero Midstream during the third quarter valued at approximately $25,000. Quent Capital LLC purchased a new stake in shares of Antero Midstream in the 3rd quarter valued at approximately $28,000. Global Retirement Partners LLC boosted its stake in Antero Midstream by 33.3% in the 3rd quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock worth $44,000 after purchasing an additional 565 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Antero Midstream by 58.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company’s stock worth $51,000 after purchasing an additional 1,000 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings upgraded Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, March 6th. Finally, Wells Fargo & Company upped their price target on Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.00.

Antero Midstream Trading Up 1.4%

Antero Midstream stock opened at $23.16 on Friday. Antero Midstream Corporation has a one year low of $15.07 and a one year high of $23.34. The company’s fifty day moving average price is $20.10 and its two-hundred day moving average price is $18.83. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 26.93 and a beta of 0.77.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $297.00 million during the quarter, compared to analysts’ expectations of $292.46 million. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 3.9%. The ex-dividend date was Wednesday, January 28th. Antero Midstream’s payout ratio is 104.65%.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 14,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 99,900 shares in the company, valued at $2,273,724. This trade represents a 12.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Yvette K. Schultz sold 25,000 shares of Antero Midstream stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $22.81, for a total transaction of $570,250.00. Following the completion of the transaction, the insider directly owned 649,834 shares in the company, valued at approximately $14,822,713.54. This represents a 3.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 49,000 shares of company stock valued at $1,092,640 over the last 90 days. 0.86% of the stock is currently owned by company insiders.

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.