Insider Selling: Antero Midstream (NYSE:AM) Director Sells 5,000 Shares of Stock

Antero Midstream Corporation (NYSE:AM) Director Brooks Klimley sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total transaction of $87,950.00. Following the completion of the sale, the director owned 72,622 shares of the company’s stock, valued at $1,277,420.98. This represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Antero Midstream Stock Down 1.9%

NYSE AM traded down $0.34 during trading on Tuesday, hitting $17.67. 2,605,162 shares of the company traded hands, compared to its average volume of 2,850,075. Antero Midstream Corporation has a 12 month low of $14.22 and a 12 month high of $19.82. The business has a fifty day simple moving average of $17.98 and a 200 day simple moving average of $18.13. The company has a market capitalization of $8.41 billion, a P/E ratio of 18.03 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.46.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Antero Midstream had a return on equity of 22.61% and a net margin of 40.07%.The business had revenue of $294.82 million for the quarter, compared to analyst estimates of $287.30 million. During the same quarter in the prior year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, sell-side analysts predict 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 was paid on Wednesday, November 5th. Shareholders of record on Wednesday, October 22nd were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Wednesday, October 22nd. Antero Midstream’s dividend payout ratio is 91.84%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AM. Wall Street Zen lowered Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Morgan Stanley lifted their price target on Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 12th. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday. Finally, The Goldman Sachs Group raised their price objective on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE increased its position in shares of Antero Midstream by 1.6% during the 2nd quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock worth $722,000 after purchasing an additional 610 shares in the last quarter. Amundi grew its stake in Antero Midstream by 3,121.9% during the first quarter. Amundi now owns 125,913 shares of the pipeline company’s stock worth $2,263,000 after buying an additional 122,005 shares during the last quarter. Franklin Resources Inc. grew its stake in Antero Midstream by 54.3% during the second quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock worth $11,637,000 after buying an additional 216,022 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Antero Midstream during the first quarter worth approximately $8,402,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Antero Midstream by 94.4% in the first quarter. Russell Investments Group Ltd. now owns 45,070 shares of the pipeline company’s stock valued at $811,000 after acquiring an additional 21,886 shares during the last quarter. 53.97% of the stock is owned by institutional investors.

Antero Midstream Company 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.