200,365 Shares in Antero Midstream Corporation $AM Bought by Strategic Global Advisors LLC

Strategic Global Advisors LLC acquired a new position in shares of Antero Midstream Corporation (NYSE:AM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 200,365 shares of the pipeline company’s stock, valued at approximately $4,558,000.

Other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC purchased a new position in shares of Antero Midstream during the second quarter worth about $30,000. Larson Financial Group LLC raised 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 acquiring an additional 708 shares during the last quarter. Arax Advisory Partners raised its stake in Antero Midstream by 83.9% during the 4th quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 791 shares during the last quarter. Ancora Advisors LLC acquired a new stake in Antero Midstream during the 2nd quarter worth approximately $38,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Antero Midstream by 219,900.0% during the 4th 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 during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AM has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. The Goldman Sachs Group set a $24.00 price objective on shares of Antero Midstream in a research note on Tuesday, July 14th. Finally, 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. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.50.

Antero Midstream Stock Up 3.1%

Antero Midstream stock opened at $22.60 on Thursday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84. Antero Midstream Corporation has a 1-year low of $16.96 and a 1-year high of $23.83. The company has a market cap of $10.73 billion, a PE ratio of 26.90 and a beta of 0.65. The stock’s 50 day moving average price is $22.27 and its 200 day moving average price is $22.02.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $326.43 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. Antero Midstream’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts predict that Antero Midstream Corporation will post 1.09 EPS for the current fiscal year.

Antero Midstream Announces Dividend

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

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the 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 transaction, the director owned 68,204 shares in the company, valued at $1,450,699.08. This trade represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sheri Pearce sold 16,000 shares of the firm’s 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 completion of the sale, the insider owned 83,900 shares of the company’s stock, valued at $1,846,639. This trade represents a 16.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

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.