Brooks Klimley Sells 5,000 Shares of Antero Midstream (NYSE:AM) Stock

Antero Midstream Corporation (NYSE:AM) Director Brooks Klimley sold 5,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the transaction, the director owned 68,204 shares of the company’s stock, valued at $1,450,699.08. This trade represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Antero Midstream Stock Performance

Shares of AM traded up $0.33 during trading hours on Thursday, reaching $21.48. 2,496,935 shares of the company’s stock traded hands, compared to its average volume of 2,643,861. Antero Midstream Corporation has a twelve month low of $16.96 and a twelve month high of $23.83. The business’s fifty day simple moving average is $22.02 and its two-hundred day simple moving average is $21.65. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 25.58 and a beta of 0.65.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders 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 annualized dividend and a yield of 4.2%. Antero Midstream’s dividend payout ratio (DPR) is presently 107.14%.

Wall Street Analysts Forecast Growth

AM has been the subject of a number of research analyst reports. Morgan Stanley raised shares of 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. Weiss Ratings lowered shares of Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday. The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a report on Tuesday, July 14th. Finally, Wells Fargo & Company upped their target price on Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in Antero Midstream in the second quarter worth about $30,000. Larson Financial Group LLC boosted its position in shares of Antero Midstream by 68.1% during the 4th quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 708 shares in the last quarter. Arax Advisory Partners boosted its position in shares of Antero Midstream by 83.9% during the 4th quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 791 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Antero Midstream by 219,900.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company’s stock worth $39,000 after purchasing an additional 2,199 shares during the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of Antero Midstream by 36.4% in the 1st quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 537 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

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.