Cwm LLC Buys 833 Shares of Antero Midstream Corporation $AM

Cwm LLC grew its stake in shares of Antero Midstream Corporation (NYSE:AM) by 8.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,305 shares of the pipeline company’s stock after purchasing an additional 833 shares during the period. Cwm LLC’s holdings in Antero Midstream were worth $195,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Transce3nd LLC bought a new position in shares of Antero Midstream in the first quarter valued at approximately $29,000. Brooklyn Investment Group grew its holdings in shares of Antero Midstream by 41.2% in the first quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company’s stock valued at $82,000 after acquiring an additional 1,328 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Antero Midstream by 34.0% in the first 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 in the last quarter. HB Wealth Management LLC bought a new position in shares of Antero Midstream in the second quarter valued at approximately $203,000. Finally, Inspire Advisors LLC bought a new position in shares of Antero Midstream in the first quarter valued at approximately $206,000. 53.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AM shares. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Antero Midstream in a report on Wednesday, October 8th. Wells Fargo & Company upped their target price on Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. The Goldman Sachs Group upped their target price on Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a report on Monday, August 18th. Finally, Wall Street Zen raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. 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 company’s stock. Based on data from MarketBeat.com, Antero Midstream currently has an average rating of “Hold” and an average price target of $18.50.

Insider Activity

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total transaction of $685,604.05. Following the sale, the insider owned 106,489 shares in the company, valued at $1,864,622.39. This represents a 26.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.86% of the stock is currently owned by corporate insiders.

Antero Midstream Price Performance

Shares of NYSE AM opened at $17.63 on Wednesday. The stock has a fifty day simple moving average of $18.40 and a two-hundred day simple moving average of $18.10. Antero Midstream Corporation has a 1-year low of $14.22 and a 1-year high of $19.82. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 18.55 and a beta of 0.85. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $305.47 million during the quarter, compared to analyst estimates of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.Antero Midstream’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. Analysts anticipate that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. Antero Midstream’s dividend payout ratio is currently 94.74%.

About Antero Midstream

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.