Yvette Schultz Sells 25,000 Shares of Antero Midstream (NYSE:AM) Stock

Antero Midstream Corporation (NYSE:AM) insider Yvette Schultz sold 25,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $22.81, for a total transaction of $570,250.00. Following the completion of the sale, the insider directly owned 649,834 shares of the company’s stock, valued at approximately $14,822,713.54. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Antero Midstream Trading Down 0.8%

AM stock traded down $0.18 during trading on Tuesday, reaching $22.58. The company had a trading volume of 2,418,886 shares, compared to its average volume of 3,200,848. Antero Midstream Corporation has a 52 week low of $15.07 and a 52 week high of $23.10. The company has a market cap of $10.68 billion, a P/E ratio of 26.25 and a beta of 0.77. The business has a 50 day moving average of $19.79 and a 200 day moving average of $18.72. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The business had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $292.46 million. During the same period in the previous year, the firm posted $0.23 EPS. The business’s revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, January 28th. Antero Midstream’s dividend payout ratio is presently 104.65%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Antero Midstream from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Weiss Ratings raised shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday. Morgan Stanley increased their target price on Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 12th. The Goldman Sachs Group increased their target price on Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Finally, Zacks Research lowered shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.33.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AM. Richardson Financial Services Inc. grew its position in shares of Antero Midstream by 330.2% during the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 994 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of Antero Midstream in the 3rd quarter worth $25,000. Quent Capital LLC bought a new stake in Antero Midstream during the third quarter worth approximately $28,000. Elevation Wealth Partners LLC purchased a new stake in Antero Midstream during the fourth quarter valued at approximately $27,000. Finally, Arax Advisory Partners raised its position in Antero Midstream by 83.9% during the fourth quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 791 shares during the period. Hedge funds and other institutional investors own 53.97% 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.