Atria Wealth Solutions Inc. Has $391,000 Stake in Antero Midstream Corporation $AM

Atria Wealth Solutions Inc. trimmed its stake in Antero Midstream Corporation (NYSE:AM) by 35.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,626 shares of the pipeline company’s stock after selling 11,256 shares during the period. Atria Wealth Solutions Inc.’s holdings in Antero Midstream were worth $391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. increased its holdings in Antero Midstream by 211.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 78,604 shares of the pipeline company’s stock valued at $1,490,000 after purchasing an additional 53,402 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Antero Midstream by 63.7% in the second quarter. Sequoia Financial Advisors LLC now owns 26,250 shares of the pipeline company’s stock valued at $497,000 after purchasing an additional 10,216 shares during the period. CWM LLC increased its holdings in Antero Midstream by 8.8% in the second quarter. CWM LLC now owns 10,305 shares of the pipeline company’s stock valued at $195,000 after purchasing an additional 833 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Antero Midstream by 7.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 66,580 shares of the pipeline company’s stock valued at $1,262,000 after purchasing an additional 4,568 shares during the period. Finally, Johnson Investment Counsel Inc. acquired a new stake in Antero Midstream in the second quarter valued at $2,628,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Sheri Pearce sold 39,155 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total transaction of $685,604.05. Following the transaction, the insider directly owned 106,489 shares of the company’s stock, valued at approximately $1,864,622.39. This represents a 26.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.86% of the company’s stock.

Antero Midstream Stock Up 1.7%

Shares of Antero Midstream stock opened at $18.37 on Tuesday. Antero Midstream Corporation has a one year low of $14.22 and a one year high of $19.82. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. The stock’s 50-day moving average is $18.40 and its 200 day moving average is $18.02. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 19.34 and a beta of 0.85.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.The business had revenue of $305.47 million for the quarter, compared to the consensus estimate of $292.70 million. During the same period in the prior year, the business earned $0.23 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, October 22nd. Antero Midstream’s dividend payout ratio is 94.74%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AM. The Goldman Sachs Group increased their price objective on Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a report on Monday, August 18th. Morgan Stanley boosted their price objective on Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings restated a “buy (a-)” rating on shares of Antero Midstream in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.50.

Antero Midstream Profile

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.