Universal Beteiligungs und Servicegesellschaft mbH Sells 31,905 Shares of Antero Midstream Corporation $AM

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of Antero Midstream Corporation (NYSE:AM) by 19.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,853 shares of the pipeline company’s stock after selling 31,905 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Antero Midstream were worth $2,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada grew its stake in Antero Midstream by 0.8% during the first quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock valued at $3,256,000 after acquiring an additional 1,371 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Antero Midstream by 174.9% during the first quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock valued at $1,508,000 after purchasing an additional 53,281 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Antero Midstream by 56.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock worth $69,739,000 after purchasing an additional 1,400,368 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Antero Midstream by 4.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company’s stock worth $17,029,000 after purchasing an additional 43,335 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Antero Midstream by 9.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 51,763 shares of the pipeline company’s stock worth $937,000 after buying an additional 4,407 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 72,622 shares of the company’s stock, valued at approximately $1,277,420.98. This trade represents a 6.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings restated a “buy (b+)” rating on shares of Antero Midstream in a report on Monday, December 29th. Zacks Research upgraded shares of Antero Midstream from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 2nd. Wall Street Zen downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Morgan Stanley lifted their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 12th. Finally, Wells Fargo & Company boosted their target price on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.17.

Antero Midstream Stock Up 0.5%

NYSE AM opened at $18.74 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46. Antero Midstream Corporation has a 52 week low of $15.07 and a 52 week high of $19.82. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 19.12 and a beta of 0.80. The company has a fifty day moving average of $17.98 and a two-hundred day moving average of $18.05.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. The firm had revenue of $294.82 million during the quarter, compared to analyst estimates of $287.30 million. During the same quarter last year, the business earned $0.21 EPS. The business’s revenue was down 8.4% on a year-over-year basis. On average, analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.8%. Antero Midstream’s dividend payout ratio is currently 91.84%.

About Antero Midstream

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.