Insider Selling: Antero Midstream (NYSE:AM) Director Sells $87,950.00 in Stock

Antero Midstream Corporation (NYSE:AM) Director Brooks Klimley sold 5,000 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total value of $87,950.00. Following the transaction, the director owned 72,622 shares in the company, valued at $1,277,420.98. This trade represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Antero Midstream Stock Up 0.1%

Shares of AM opened at $17.68 on Friday. Antero Midstream Corporation has a fifty-two week low of $14.31 and a fifty-two week high of $19.82. The company’s fifty day moving average is $17.89 and its two-hundred day moving average is $18.12. The firm has a market cap of $8.42 billion, a PE ratio of 18.04 and a beta of 0.82. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $294.82 million for the quarter, compared to analyst estimates of $287.30 million. Antero Midstream had a return on equity of 22.61% and a net margin of 40.07%.The business’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. Analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio (DPR) is presently 91.84%.

Institutional Trading of Antero Midstream

A number of institutional investors and hedge funds have recently made changes to their positions in AM. Richardson Financial Services Inc. boosted its position in Antero Midstream by 330.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 994 shares during the period. Root Financial Partners LLC bought a new stake in Antero Midstream in the third quarter valued at $25,000. Quent Capital LLC acquired a new position in shares of Antero Midstream during the third quarter valued at $28,000. Global Retirement Partners LLC grew its position in shares of Antero Midstream by 33.3% during the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock worth $44,000 after acquiring an additional 565 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Antero Midstream by 138.1% during the third quarter. Hantz Financial Services Inc. now owns 2,688 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 1,559 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday. Wall Street Zen downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Finally, Morgan Stanley lifted their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.83.

About Antero Midstream

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.