Insider Selling: Antero Midstream (NYSE:AM) Insider Sells $1,516,991.10 in Stock

Antero Midstream Corporation (NYSE:AM) insider Yvette Schultz sold 69,269 shares of Antero Midstream stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $21.90, for a total transaction of $1,516,991.10. Following the completion of the sale, the insider owned 580,565 shares in the company, valued at approximately $12,714,373.50. This represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Antero Midstream Price Performance

NYSE AM opened at $21.17 on Thursday. The company has a 50-day moving average price of $22.35 and a two-hundred day moving average price of $19.74. Antero Midstream Corporation has a 52 week low of $16.77 and a 52 week high of $23.83. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 24.61 and a beta of 0.68. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.89.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Antero Midstream had a net margin of 33.90% and a return on equity of 20.38%. The business had revenue of $314.21 million for the quarter, compared to the consensus estimate of $311.30 million. During the same period last year, the firm posted $0.25 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts forecast that Antero Midstream Corporation will post 1.14 EPS for the current year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Wednesday, April 29th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, April 29th. Antero Midstream’s payout ratio is 104.65%.

Hedge Funds Weigh In On Antero Midstream

Several hedge funds have recently made changes to their positions in AM. Richardson Financial Services Inc. raised its holdings in shares of Antero Midstream by 330.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 994 shares in the last quarter. Root Financial Partners LLC bought a new stake in Antero Midstream during the third quarter worth approximately $25,000. Elevation Wealth Partners LLC acquired a new position in Antero Midstream in the fourth quarter worth approximately $27,000. Quent Capital LLC bought a new position in shares of Antero Midstream in the third quarter valued at $28,000. Finally, Larson Financial Group LLC increased its holdings in shares of Antero Midstream by 68.1% in the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock valued at $31,000 after buying an additional 708 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

AM has been the topic of a number of recent 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 boosted their price target on shares of Antero Midstream from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Morgan Stanley upgraded shares of Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price objective for the company in a report on Wednesday, April 22nd. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, The Goldman Sachs Group upped their target price on Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Antero Midstream currently has an average rating of “Hold” and a consensus target price of $24.00.

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.