Antero Midstream (NYSE:AM) Director Brooks Klimley Sells 5,000 Shares

Antero Midstream Corporation (NYSE:AM) Director Brooks Klimley sold 5,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the sale, the director directly owned 68,204 shares of the company’s stock, valued at approximately $1,450,699.08. This represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Antero Midstream Stock Performance

Shares of AM opened at $21.48 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $10.20 billion, a P/E ratio of 25.58 and a beta of 0.65. The company’s fifty day moving average is $22.03 and its two-hundred day moving average is $21.67. Antero Midstream Corporation has a 1 year low of $16.96 and a 1 year high of $23.83.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders 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 annualized dividend and a dividend yield of 4.2%. Antero Midstream’s payout ratio is presently 107.14%.

Institutional Trading of Antero Midstream

A number of institutional investors have recently bought and sold shares of AM. Clearstead Trust LLC purchased a new position in shares of Antero Midstream in the second quarter valued at $30,000. Larson Financial Group LLC increased its holdings 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 in the last quarter. Arax Advisory Partners increased its holdings 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 in 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 during 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 during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AM has been the subject of several analyst reports. Morgan Stanley raised shares of Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price target for the company in a report on Wednesday, April 22nd. Wells Fargo & Company boosted their target price on Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday. The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a research note on Tuesday, July 14th. Finally, Weiss Ratings cut Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.50.

Antero Midstream Company 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.