Sanctuary Advisors LLC Purchases Shares of 254,942 Antero Midstream Corporation $AM

Sanctuary Advisors LLC purchased a new position in shares of Antero Midstream Corporation (NYSE:AM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 254,942 shares of the pipeline company’s stock, valued at approximately $5,800,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AM. Clearstead Trust LLC acquired a new stake in shares of Antero Midstream in the 2nd quarter valued at approximately $30,000. Larson Financial Group LLC increased its holdings 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 worth $31,000 after buying an additional 708 shares during the last quarter. Arax Advisory Partners increased its holdings in Antero Midstream by 83.9% during the fourth quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company’s stock worth $31,000 after buying an additional 791 shares during 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 worth $39,000 after acquiring an additional 2,199 shares in the last quarter. Finally, Root Financial Partners LLC raised its position in Antero Midstream by 36.4% during the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock worth $46,000 after acquiring an additional 537 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

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

Antero Midstream Stock Down 0.0%

Shares of AM opened at $22.14 on Tuesday. The firm has a market cap of $10.51 billion, a P/E ratio of 26.35 and a beta of 0.65. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84. Antero Midstream Corporation has a 52 week low of $16.96 and a 52 week high of $23.83. The firm’s 50-day simple moving average is $22.24 and its 200 day simple moving average is $21.97.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The firm had revenue of $327.24 million for the quarter, compared to analysts’ expectations of $326.43 million. During the same quarter last year, the business earned $0.29 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts forecast that Antero Midstream Corporation will post 1.09 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, July 29th. This represents a $0.90 annualized dividend and a dividend yield of 4.1%. Antero Midstream’s dividend payout ratio (DPR) is currently 107.14%.

Insider Buying and Selling

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

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.