Yorktown Viii Associates Llc Sells 1,825,600 Shares of Antero Midstream Corp (AM) Stock

Antero Midstream Corp (NYSE:AM) Director Yorktown Viii Associates Llc sold 1,825,600 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $12.61, for a total value of $23,020,816.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of AM traded down $0.40 during mid-day trading on Thursday, reaching $13.04. The company’s stock had a trading volume of 5,734,992 shares, compared to its average volume of 2,695,383. Antero Midstream Corp has a 1-year low of $10.12 and a 1-year high of $19.91. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 2.70 and a beta of 1.70. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.59.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, May 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.11). Antero Midstream had a net margin of 35.14% and a return on equity of 14.35%. The business had revenue of $265.80 million during the quarter, compared to analyst estimates of $287.06 million. During the same period in the previous year, the business earned $0.07 earnings per share. The business’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, analysts expect that Antero Midstream Corp will post 0.85 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Friday, April 26th were given a $0.3025 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 9.28%. Antero Midstream’s payout ratio is 366.67%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AM. HITE Hedge Asset Management LLC acquired a new stake in shares of Antero Midstream in the first quarter valued at approximately $14,162,000. Alps Advisors Inc. lifted its position in shares of Antero Midstream by 12.6% in the fourth quarter. Alps Advisors Inc. now owns 8,720,902 shares of the pipeline company’s stock valued at $186,540,000 after buying an additional 974,888 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in shares of Antero Midstream by 7.3% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 13,742,205 shares of the pipeline company’s stock valued at $293,946,000 after buying an additional 931,115 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Antero Midstream by 30.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,702,656 shares of the pipeline company’s stock valued at $57,810,000 after buying an additional 626,056 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Antero Midstream in the fourth quarter valued at approximately $4,701,000. 50.92% of the stock is owned by institutional investors.

Several brokerages recently commented on AM. Barclays reissued a “hold” rating and set a $16.00 price target on shares of Antero Midstream in a research report on Thursday, May 9th. ValuEngine cut Antero Midstream from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. Zacks Investment Research cut Antero Midstream from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 16th. Raymond James cut Antero Midstream from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $19.00 to $17.00 in a research report on Tuesday, April 16th. They noted that the move was a valuation call. Finally, Capital One Financial reissued an “equal weight” rating on shares of Antero Midstream in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $30.31.

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Antero Midstream Company Profile

Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.

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