Antero Midstream (NYSE:AM) Insider Sheri Pearce Sells 16,000 Shares of Stock

Antero Midstream Corporation (NYSE:AM) insider Sheri Pearce sold 16,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total transaction of $352,160.00. Following the sale, the insider owned 83,900 shares of the company’s stock, valued at approximately $1,846,639. This represents a 16.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Antero Midstream Stock Performance

Shares of AM stock traded down $0.68 during midday trading on Wednesday, hitting $21.17. The company had a trading volume of 2,883,877 shares, compared to its average volume of 2,642,776. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 25.21 and a beta of 0.65. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50 day simple moving average is $22.03 and its 200 day simple moving average is $21.63. Antero Midstream Corporation has a 52-week low of $16.96 and a 52-week high of $23.83.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, July 29th. Antero Midstream’s dividend payout ratio is currently 107.14%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AM. Wells Fargo & Company increased their target price on Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday. Morgan Stanley raised Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price objective on the stock in a report on Wednesday, April 22nd. Weiss Ratings cut Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Finally, The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.50.

Hedge Funds Weigh In On Antero Midstream

Hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in 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 purchasing an additional 708 shares during the last quarter. Arax Advisory Partners boosted its position 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 buying an additional 791 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Antero Midstream by 219,900.0% in the 4th 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 during the last quarter. Root Financial Partners LLC increased its holdings in Antero Midstream by 36.4% during the 1st quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock valued at $46,000 after acquiring an additional 537 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Antero Midstream by 401.4% during 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 during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Company 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.