B. Riley Wealth Advisors Inc. Makes New $593,000 Investment in Antero Midstream Corporation $AM

B. Riley Wealth Advisors Inc. bought a new position in shares of Antero Midstream Corporation (NYSE:AM) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 31,295 shares of the pipeline company’s stock, valued at approximately $593,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MAI Capital Management increased its position in shares of Antero Midstream by 1.4% during the second quarter. MAI Capital Management now owns 44,049 shares of the pipeline company’s stock valued at $835,000 after purchasing an additional 589 shares during the period. 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 worth $722,000 after acquiring an additional 610 shares during the period. CWM LLC increased its stake in shares of Antero Midstream by 8.8% in the 2nd quarter. CWM LLC now owns 10,305 shares of the pipeline company’s stock valued at $195,000 after acquiring an additional 833 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Antero Midstream by 3.7% during the second quarter. Tidal Investments LLC now owns 24,113 shares of the pipeline company’s stock worth $457,000 after purchasing an additional 856 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Antero Midstream by 58.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company’s stock worth $51,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total transaction of $87,950.00. Following the sale, the director directly owned 72,622 shares of the company’s stock, valued at $1,277,420.98. This represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.86% of the company’s stock.

Antero Midstream Stock Down 1.9%

Antero Midstream stock opened at $17.67 on Wednesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 18.03 and a beta of 0.82. The firm has a 50 day moving average price of $17.95 and a two-hundred day moving average price of $18.13. Antero Midstream Corporation has a 52-week low of $14.22 and a 52-week high of $19.82.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $294.82 million during the quarter, compared to analysts’ expectations of $287.30 million. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the company posted $0.21 earnings per share. Equities analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b+)” rating on shares of Antero Midstream in a report on Monday. Zacks Research downgraded shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Morgan Stanley lifted their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 12th. Finally, Wall Street Zen downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.