United Capital Financial Advisors LLC Takes Position in Antero Midstream Corporation $AM

United Capital Financial Advisors LLC purchased a new stake in shares of Antero Midstream Corporation (NYSE:AM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,033 shares of the pipeline company’s stock, valued at approximately $888,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AM. Clearstead Trust LLC purchased a new position in Antero Midstream in the 2nd quarter worth approximately $30,000. Larson Financial Group LLC boosted its stake in Antero Midstream by 68.1% during the 4th quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 708 shares during the last quarter. Arax Advisory Partners increased its holdings in shares of Antero Midstream by 83.9% in the 4th quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 791 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Antero Midstream in the 2nd quarter worth $38,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Antero Midstream by 219,900.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company’s stock worth $39,000 after purchasing an additional 2,199 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Insider Activity

In other news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total value of $106,350.00. Following the transaction, the director owned 68,204 shares of the company’s stock, valued at approximately $1,450,699.08. The trade was a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sheri Pearce sold 16,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total transaction of $352,160.00. Following the transaction, the insider directly owned 83,900 shares of the company’s stock, valued at $1,846,639. This trade represents a 16.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

Antero Midstream Stock Up 0.1%

AM opened at $22.32 on Monday. Antero Midstream Corporation has a 1-year low of $16.96 and a 1-year high of $23.83. The firm’s 50 day simple moving average is $22.30 and its two-hundred day simple moving average is $22.06. The company has a market capitalization of $10.59 billion, a PE ratio of 26.57 and a beta of 0.65. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The business had revenue of $327.24 million during the quarter, compared to analyst estimates of $326.43 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Antero Midstream’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts forecast that Antero Midstream Corporation will post 1.09 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, July 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.0%. Antero Midstream’s payout ratio is 107.14%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AM. Wells Fargo & Company upped their price target on Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Weiss Ratings downgraded Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a research report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.50.

Antero Midstream Profile

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.