Antero Midstream Corporation (NYSE:AM) Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its position in shares of Antero Midstream Corporation (NYSE:AM) by 13.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,097 shares of the pipeline company’s stock after selling 2,631 shares during the quarter. M&T Bank Corp’s holdings in Antero Midstream were worth $308,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of AM. Hancock Whitney Corp increased its stake in shares of Antero Midstream by 1.5% in the fourth quarter. Hancock Whitney Corp now owns 43,085 shares of the pipeline company’s stock worth $650,000 after buying an additional 624 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Antero Midstream by 0.4% in the first quarter. State of Alaska Department of Revenue now owns 194,907 shares of the pipeline company’s stock worth $3,507,000 after purchasing an additional 845 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Antero Midstream by 0.4% in the first quarter. QRG Capital Management Inc. now owns 253,566 shares of the pipeline company’s stock worth $4,564,000 after buying an additional 899 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Antero Midstream by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 149,041 shares of the pipeline company’s stock worth $2,249,000 after purchasing an additional 940 shares during the period. Finally, Gotham Asset Management LLC boosted its position in Antero Midstream by 0.7% during the fourth quarter. Gotham Asset Management LLC now owns 140,998 shares of the pipeline company’s stock worth $2,128,000 after purchasing an additional 957 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 73,645 shares in the company, valued at $1,390,417.60. This trade represents a 6.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by insiders.

Antero Midstream Trading Up 0.5%

NYSE AM opened at $17.66 on Friday. The business has a 50 day moving average price of $18.36 and a 200-day moving average price of $17.23. Antero Midstream Corporation has a 52 week low of $13.12 and a 52 week high of $19.09. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 20.29 and a beta of 1.01. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.49.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, April 30th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Antero Midstream had a return on equity of 19.75% and a net margin of 37.35%. The firm had revenue of $291.13 million during the quarter, compared to the consensus estimate of $277.79 million. During the same quarter in the prior year, the company earned $0.21 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts expect that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be issued a $0.225 dividend. The ex-dividend date is Wednesday, July 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.10%. Antero Midstream’s payout ratio is currently 103.45%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AM shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $17.00 price target (up from $16.00) on shares of Antero Midstream in a 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.

Antero Midstream 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.