Boston Trust Walden Corp Sells 274,146 Shares of Antero Midstream Corporation $AM

Boston Trust Walden Corp lessened its holdings in Antero Midstream Corporation (NYSE:AM) by 7.4% during the first quarter, HoldingsChannel reports. The fund owned 3,431,551 shares of the pipeline company’s stock after selling 274,146 shares during the quarter. Boston Trust Walden Corp’s holdings in Antero Midstream were worth $78,239,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Invesco Ltd. boosted its stake in Antero Midstream by 3.4% during the 4th quarter. Invesco Ltd. now owns 23,444,026 shares of the pipeline company’s stock valued at $417,069,000 after purchasing an additional 776,791 shares during the last quarter. State Street Corp lifted its holdings in shares of Antero Midstream by 1.7% in the fourth quarter. State Street Corp now owns 11,337,298 shares of the pipeline company’s stock valued at $201,691,000 after purchasing an additional 187,912 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Antero Midstream by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 10,472,491 shares of the pipeline company’s stock valued at $186,328,000 after purchasing an additional 1,161,684 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Antero Midstream by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 9,224,028 shares of the pipeline company’s stock valued at $179,316,000 after buying an additional 71,606 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Antero Midstream by 4.6% during the fourth quarter. Bank of New York Mellon Corp now owns 8,208,340 shares of the pipeline company’s stock valued at $146,026,000 after buying an additional 359,879 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Insider Activity

In related news, insider Yvette K. Schultz sold 69,269 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $21.90, for a total transaction of $1,516,991.10. Following the completion of the sale, the insider owned 580,565 shares in the company, valued at approximately $12,714,373.50. This trade represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael N. Kennedy sold 100,000 shares of Antero Midstream stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $21.92, for a total transaction of $2,192,000.00. Following the completion of the sale, the insider directly owned 1,500,594 shares in the company, valued at approximately $32,893,020.48. This represents a 6.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by corporate insiders.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $22.50 on Friday. The business’s fifty day simple moving average is $21.72 and its 200 day simple moving average is $20.87. The firm has a market capitalization of $10.69 billion, a P/E ratio of 26.17 and a beta of 0.64. Antero Midstream Corporation has a 12 month low of $16.77 and a 12 month high of $23.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.89.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Antero Midstream had a net margin of 33.90% and a return on equity of 20.38%. The business had revenue of $314.21 million during the quarter, compared to the consensus estimate of $311.30 million. During the same quarter last year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, analysts anticipate that Antero Midstream Corporation will post 1.11 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Wednesday, April 29th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, April 29th. This represents a $0.90 annualized dividend and a yield of 4.0%. Antero Midstream’s dividend payout ratio is presently 104.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley raised Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price target for the company in a research report on Wednesday, April 22nd. UBS Group upped their target price on shares of Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 25th. Weiss Ratings downgraded shares of Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company raised their price target on shares of Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.00.

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.