Advisors Asset Management Inc. Sells 148,524 Shares of Antero Midstream Corporation $AM

Advisors Asset Management Inc. trimmed its position in shares of Antero Midstream Corporation (NYSE:AM) by 28.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 366,496 shares of the pipeline company’s stock after selling 148,524 shares during the quarter. Advisors Asset Management Inc. owned 0.08% of Antero Midstream worth $6,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. US Bancorp DE grew its holdings in Antero Midstream by 1.6% during the 2nd quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock valued at $722,000 after purchasing an additional 610 shares during the last quarter. Amundi boosted its position in shares of Antero Midstream by 3,121.9% during the first quarter. Amundi now owns 125,913 shares of the pipeline company’s stock valued at $2,263,000 after buying an additional 122,005 shares during the period. Jump Financial LLC bought a new position in shares of Antero Midstream during the first quarter valued at approximately $8,402,000. Russell Investments Group Ltd. grew its stake in shares of Antero Midstream by 94.4% during the first quarter. Russell Investments Group Ltd. now owns 45,070 shares of the pipeline company’s stock valued at $811,000 after buying an additional 21,886 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Antero Midstream in the first quarter worth approximately $289,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

Shares of AM stock opened at $17.60 on Wednesday. Antero Midstream Corporation has a twelve month low of $14.22 and a twelve month high of $19.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. The stock has a fifty day simple moving average of $18.26 and a two-hundred day simple moving average of $18.19. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 17.96 and a beta of 0.88.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Antero Midstream had a return on equity of 22.53% and a net margin of 40.07%.The firm had revenue of $294.82 million for the quarter, compared to analyst estimates of $287.30 million. During the same quarter last year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were issued a $0.225 dividend. The ex-dividend date was Wednesday, October 22nd. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. Antero Midstream’s payout ratio is currently 91.84%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “buy (b+)” rating on shares of Antero Midstream in a research report on Wednesday, November 19th. The Goldman Sachs Group upped their price target on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a report on Monday, August 18th. Wall Street Zen downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Zacks Research lowered shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Antero Midstream presently has an average rating of “Hold” and a consensus target price of $18.83.

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.