Vanguard Group Inc. Sells 220,897 Shares of Antero Midstream Corporation (NYSE:AM)

Vanguard Group Inc. lessened its stake in Antero Midstream Corporation (NYSE:AM) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,647,256 shares of the pipeline company’s stock after selling 220,897 shares during the period. Vanguard Group Inc. owned approximately 7.44% of Antero Midstream worth $641,651,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AM. Transce3nd LLC bought a new stake in shares of Antero Midstream during the 1st quarter valued at $29,000. UMB Bank n.a. grew its position in shares of Antero Midstream by 170.8% during the 1st quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company’s stock valued at $62,000 after acquiring an additional 2,188 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock valued at $85,000 after acquiring an additional 963 shares during the period. GAMMA Investing LLC grew its position in shares of Antero Midstream by 34.0% during the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company’s stock valued at $154,000 after acquiring an additional 2,165 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in shares of Antero Midstream during the 4th quarter valued at $159,000. Institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AM shares. Wells Fargo & Company boosted their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Morgan Stanley boosted their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd.

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 shares were sold at an average price of $18.88, for a total value of $94,400.00. Following the sale, the director owned 73,645 shares in the company, valued at $1,390,417.60. The trade was a 6.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Antero Midstream Trading Down 0.4%

Shares of Antero Midstream stock opened at $18.19 on Thursday. The company has a market capitalization of $8.70 billion, a P/E ratio of 19.15 and a beta of 0.97. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03. The company has a fifty day moving average of $18.04 and a 200 day moving average of $17.48. Antero Midstream Corporation has a fifty-two week low of $13.99 and a fifty-two week high of $19.08.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $305.47 million during the quarter, compared to the consensus estimate of $292.70 million. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. Antero Midstream’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, sell-side analysts anticipate that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a $0.90 annualized dividend and a yield of 4.9%. Antero Midstream’s dividend payout ratio is currently 94.74%.

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.