178,939 Shares in Antero Midstream Corporation $AM Purchased by Lido Advisors LLC

Lido Advisors LLC bought a new stake in shares of Antero Midstream Corporation (NYSE:AM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 178,939 shares of the pipeline company’s stock, valued at approximately $4,080,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AM. Miller Howard Investments Inc. NY boosted its position in shares of Antero Midstream by 2.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 1,978,405 shares of the pipeline company’s stock valued at $35,196,000 after acquiring an additional 47,817 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in Antero Midstream by 588.9% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 115,977 shares of the pipeline company’s stock valued at $2,063,000 after purchasing an additional 99,141 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Antero Midstream by 41.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 733,861 shares of the pipeline company’s stock valued at $13,056,000 after purchasing an additional 216,416 shares during the last quarter. Kesler Norman & Wride LLC bought a new stake in Antero Midstream in the 4th quarter valued at $939,000. Finally, Louisiana State Employees Retirement System bought a new stake in Antero Midstream in the 1st quarter valued at $2,189,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Activity at Antero Midstream

In related news, insider Yvette K. Schultz sold 69,269 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $21.90, for a total value of $1,516,991.10. Following the completion of the transaction, the insider owned 580,565 shares in the company, valued at $12,714,373.50. The trade was a 10.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael N. Kennedy sold 100,000 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $21.92, for a total value of $2,192,000.00. Following the completion of the transaction, the insider owned 1,500,594 shares in the company, valued at $32,893,020.48. The trade was a 6.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AM shares. Weiss Ratings downgraded shares of Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 25th. Morgan Stanley upgraded Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price target on the stock in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group set a $24.00 price target on Antero Midstream in a report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $24.25.

Antero Midstream Trading Down 1.2%

Shares of AM opened at $22.75 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 26.45 and a beta of 0.64. The stock has a fifty day moving average price of $22.07 and a two-hundred day moving average price of $21.38. Antero Midstream Corporation has a 52-week low of $16.77 and a 52-week high of $23.83.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, April 29th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The business had revenue of $314.21 million for the quarter, compared to the consensus estimate of $311.30 million. During the same quarter in the previous year, the company posted $0.25 EPS. Antero Midstream’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts predict that Antero Midstream Corporation will post 1.1 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business 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 $0.225 dividend. The ex-dividend date of this dividend is 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 (DPR) is currently 104.65%.

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.