Kesler Norman & Wride LLC Takes Position in Antero Midstream Corporation $AM

Kesler Norman & Wride LLC acquired a new position in shares of Antero Midstream Corporation (NYSE:AM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 52,780 shares of the pipeline company’s stock, valued at approximately $939,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC purchased a new stake in shares of Antero Midstream during the 4th quarter worth about $27,000. Larson Financial Group LLC raised its position in Antero Midstream by 68.1% during the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 708 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Antero Midstream by 219,900.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company’s stock valued at $39,000 after acquiring an additional 2,199 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Antero Midstream by 138.1% in the third quarter. Hantz Financial Services Inc. now owns 2,688 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 1,559 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Antero Midstream by 401.4% in the second quarter. Geneos Wealth Management Inc. now owns 2,778 shares of the pipeline company’s stock worth $53,000 after acquiring an additional 2,224 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.4%

Antero Midstream stock opened at $21.30 on Thursday. Antero Midstream Corporation has a 52 week low of $16.77 and a 52 week high of $23.83. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $10.12 billion, a PE ratio of 24.76 and a beta of 0.66. The business’s 50-day simple moving average is $21.88 and its 200-day simple moving average is $20.29.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, April 29th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The business had revenue of $314.21 million during the quarter, compared to the consensus estimate of $311.30 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that Antero Midstream Corporation will post 1.12 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Wednesday, April 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Wednesday, April 29th. Antero Midstream’s dividend payout ratio is presently 104.65%.

Insider Transactions at Antero Midstream

In other Antero Midstream news, insider Yvette K. Schultz sold 69,269 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $21.90, for a total value of $1,516,991.10. Following the sale, the insider owned 580,565 shares of the company’s stock, valued at $12,714,373.50. The trade was a 10.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sheri Pearce sold 14,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $22.76, for a total transaction of $318,640.00. Following the completion of the transaction, the insider owned 99,900 shares of the company’s stock, valued at approximately $2,273,724. This represents a 12.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 213,269 shares of company stock valued at $4,713,681. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wells Fargo & Company increased 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 note on Friday, March 13th. UBS Group increased their target price on shares of Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 25th. Morgan Stanley upgraded Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 target price on the stock in a report on Wednesday, April 22nd. The Goldman Sachs Group boosted their price target on Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Finally, Weiss Ratings upgraded Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.