Miller Howard Investments Inc. NY Buys 47,817 Shares of Antero Midstream Corporation $AM

Miller Howard Investments Inc. NY grew its stake in shares of Antero Midstream Corporation (NYSE:AM) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,978,405 shares of the pipeline company’s stock after purchasing an additional 47,817 shares during the period. Miller Howard Investments Inc. NY’s holdings in Antero Midstream were worth $35,196,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV boosted its stake in shares of Antero Midstream by 1.3% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 105,826 shares of the pipeline company’s stock valued at $1,883,000 after purchasing an additional 1,383 shares in the last quarter. Childress Capital Advisors LLC bought a new stake in shares of Antero Midstream during the 4th quarter valued at about $258,000. Farther Finance Advisors LLC boosted its stake in shares of Antero Midstream by 0.5% during the 4th quarter. Farther Finance Advisors LLC now owns 162,281 shares of the pipeline company’s stock valued at $2,887,000 after purchasing an additional 732 shares in the last quarter. Burney Co. boosted its stake in shares of Antero Midstream by 29.4% during the 4th quarter. Burney Co. now owns 13,200 shares of the pipeline company’s stock valued at $235,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Choreo LLC boosted its stake in shares of Antero Midstream by 5.0% during the 4th quarter. Choreo LLC now owns 14,183 shares of the pipeline company’s stock valued at $253,000 after purchasing an additional 679 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Down 0.1%

NYSE:AM opened at $21.27 on Monday. Antero Midstream Corporation has a one year low of $16.24 and a one year high of $23.83. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41. The company’s 50-day simple moving average is $22.25 and its 200 day simple moving average is $19.53. The firm has a market capitalization of $10.06 billion, a P/E ratio of 24.74 and a beta of 0.75.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, February 11th. The pipeline company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.13). Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The business had revenue of $297.00 million for the quarter, compared to the consensus estimate of $292.46 million. During the same period in the previous year, the firm earned $0.23 EPS. The company’s revenue was up 3.3% on a year-over-year basis. As a group, analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Wednesday, April 29th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $0.90 annualized dividend and a yield of 4.2%. Antero Midstream’s payout ratio is presently 104.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AM shares. The Goldman Sachs Group lifted their target price on shares of Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Zacks Research lowered shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. UBS Group lifted their target price on shares of Antero Midstream from $22.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, March 25th. Wells Fargo & Company lifted their target price on shares of Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Finally, Weiss Ratings raised shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.50.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $23.16, for a total transaction of $115,800.00. Following the sale, the director owned 69,680 shares of the company’s stock, valued at $1,613,788.80. The trade was a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sheri Pearce sold 14,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total transaction of $318,640.00. Following the sale, the insider directly owned 99,900 shares in the company, valued at $2,273,724. The trade was a 12.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,000 shares of company stock valued at $1,004,690 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

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.