Antero Midstream Corporation (NYSE:AM) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its stake in shares of Antero Midstream Corporation (NYSE:AM) by 11.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355,245 shares of the pipeline company’s stock after purchasing an additional 36,468 shares during the quarter. LPL Financial LLC’s holdings in Antero Midstream were worth $6,394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Antero Midstream during the 1st quarter worth $529,000. Sequoia Financial Advisors LLC boosted its position in Antero Midstream by 6.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,034 shares of the pipeline company’s stock worth $289,000 after acquiring an additional 975 shares during the period. Silver Oak Securities Incorporated acquired a new position in Antero Midstream during the 1st quarter worth $459,000. KBC Group NV boosted its position in Antero Midstream by 18.5% during the 1st quarter. KBC Group NV now owns 17,628 shares of the pipeline company’s stock worth $317,000 after acquiring an additional 2,757 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Antero Midstream by 102.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,356 shares of the pipeline company’s stock worth $852,000 after buying an additional 23,922 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Stock Up 0.1%

AM opened at $18.46 on Tuesday. Antero Midstream Corporation has a one year low of $13.77 and a one year high of $19.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s fifty day moving average is $18.06 and its 200-day moving average is $17.47. The company has a market capitalization of $8.84 billion, a PE ratio of 19.44 and a beta of 0.97.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $305.47 million for the quarter, compared to analyst estimates of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%. Antero Midstream’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. On average, equities analysts predict that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, July 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.9%. Antero Midstream’s payout ratio is currently 94.74%.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the transaction, the director owned 73,645 shares in the company, valued at approximately $1,390,417.60. The trade was a 6.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AM shares. Morgan Stanley boosted their price objective on Antero Midstream from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. Wells Fargo & Company boosted their price objective on Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised Antero Midstream from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd.

Antero Midstream Company 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.