Antero Midstream (NYSE:AM) Insider Sheri Pearce Sells 16,000 Shares

Antero Midstream Corporation (NYSE:AM) insider Sheri Pearce sold 16,000 shares of Antero Midstream stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total transaction of $352,160.00. Following the sale, the insider directly owned 83,900 shares of the company’s stock, valued at $1,846,639. This trade represents a 16.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Antero Midstream Trading Down 3.1%

NYSE AM opened at $21.17 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. Antero Midstream Corporation has a 1-year low of $16.96 and a 1-year high of $23.83. The firm’s fifty day simple moving average is $22.02 and its 200-day simple moving average is $21.65. The company has a market capitalization of $10.05 billion, a PE ratio of 25.21 and a beta of 0.65.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, July 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.3%. Antero Midstream’s dividend payout ratio (DPR) is 107.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Hardy Reed LLC bought a new position in shares of Antero Midstream in the 2nd quarter valued at approximately $260,000. Hennion & Walsh Asset Management Inc. boosted its position in Antero Midstream by 3.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 254,560 shares of the pipeline company’s stock worth $5,791,000 after purchasing an additional 9,202 shares during the period. Sprinkle Financial Consultants LLC boosted its position in Antero Midstream by 44.4% during the second quarter. Sprinkle Financial Consultants LLC now owns 19,509 shares of the pipeline company’s stock worth $444,000 after purchasing an additional 6,000 shares during the period. GAMMA Investing LLC grew its holdings in Antero Midstream by 25.6% during the second quarter. GAMMA Investing LLC now owns 16,050 shares of the pipeline company’s stock valued at $365,000 after purchasing an additional 3,269 shares during the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of Antero Midstream in the first quarter valued at approximately $579,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented 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 note on Wednesday, April 22nd. Wells Fargo & Company lifted their target price on shares of Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday. Weiss Ratings downgraded shares of Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Finally, The Goldman Sachs Group set a $24.00 target price on shares of Antero Midstream in a research report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Antero Midstream presently has an average rating of “Hold” and an average price target of $24.50.

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.