Insider Selling: Antero Midstream (NYSE:AM) Insider Sells $318,640.00 in Stock

Antero Midstream Corporation (NYSE:AM) insider Sheri Pearce sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total value of $318,640.00. Following the sale, the insider owned 99,900 shares of the company’s stock, valued at approximately $2,273,724. The trade was a 12.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Antero Midstream Stock Performance

Shares of AM opened at $22.88 on Friday. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 26.61 and a beta of 0.77. Antero Midstream Corporation has a 52-week low of $15.07 and a 52-week high of $23.35. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 1.63. The stock has a 50 day moving average price of $20.00 and a 200 day moving average price of $18.78.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $292.46 million. Antero Midstream had a net margin of 34.77% and a return on equity of 20.12%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. Research analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 3.9%. The ex-dividend date was Wednesday, January 28th. Antero Midstream’s dividend payout ratio (DPR) is currently 104.65%.

Analysts Set New Price Targets

AM has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, March 6th. Wells Fargo & Company lifted their target price on Antero Midstream from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. The Goldman Sachs Group boosted their target price on Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Finally, Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AM. Royal Bank of Canada increased its holdings in shares of Antero Midstream by 0.8% in the first quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock valued at $3,256,000 after purchasing an additional 1,371 shares during the period. AQR Capital Management LLC grew its position in Antero Midstream by 174.9% in the 1st quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock valued at $1,508,000 after buying an additional 53,281 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Antero Midstream by 56.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock valued at $69,739,000 after buying an additional 1,400,368 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Antero Midstream by 4.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company’s stock valued at $17,029,000 after buying an additional 43,335 shares during the period. Finally, Metis Global Partners LLC raised its position in Antero Midstream by 5.2% during the 2nd quarter. Metis Global Partners LLC now owns 21,925 shares of the pipeline company’s stock worth $415,000 after buying an additional 1,086 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

About Antero Midstream

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.