Antero Midstream Corporation $AM Stock Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its position in shares of Antero Midstream Corporation (NYSE:AM – Free Report) by 14.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 203,026 shares of the pipeline company’s stock after selling 33,084 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Antero Midstream were worth $4,093,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Amundi lifted its holdings in shares of Antero Midstream by 70.8% during the second quarter. Amundi now owns 940,170 shares of the pipeline company’s stock worth $21,389,000 after purchasing an additional 389,859 shares during the period. Squarepoint Ops LLC boosted its position in Antero Midstream by 285.7% in the second quarter. Squarepoint Ops LLC now owns 77,056 shares of the pipeline company’s stock valued at $1,753,000 after buying an additional 57,077 shares during the last quarter. Kayne Anderson Capital Advisors LP acquired a new position in Antero Midstream in the 2nd quarter worth approximately $49,883,000. Cetera Investment Advisers increased its holdings in Antero Midstream by 9.9% in the 1st quarter. Cetera Investment Advisers now owns 867,200 shares of the pipeline company’s stock worth $19,772,000 after buying an additional 77,936 shares during the period. Finally, Corient Private Wealth LP acquired a new position in Antero Midstream in the 2nd quarter worth approximately $1,178,000. 53.97% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Antero Midstream

Here are the key news stories impacting Antero Midstream this week:

Analyst Ratings Changes

Several brokerages have commented on AM. UBS Group decreased their price objective on shares of Antero Midstream from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, September 21st. Capital One Financial upgraded shares of Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Tuesday, September 22nd. Zacks Research lowered shares of Antero Midstream from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Wells Fargo & Company raised their target price on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Finally, Weiss Ratings downgraded shares of Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.20.

Read Our Latest Stock Analysis on AM

Insider Activity at Antero Midstream

In related news, insider Sheri Pearce sold 16,000 shares of the 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 approximately $1,846,639. This represents a 16.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total transaction of $106,350.00. Following the sale, the director directly owned 68,204 shares in the company, valued at $1,450,699.08. This trade represents a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

Antero Midstream Stock Up 3.7%

Shares of AM opened at $21.52 on Friday. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 15.16 and a beta of 0.72. Antero Midstream Corporation has a 52 week low of $16.96 and a 52 week high of $23.83. The stock’s 50-day moving average price is $21.37 and its 200-day moving average price is $21.53. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83.

Antero Midstream (NYSE:AM – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The pipeline company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). Antero Midstream had a net margin of 53.45% and a return on equity of 34.66%. The company had revenue of $327.02 million for the quarter, compared to analysts’ expectations of $340.62 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts predict that Antero Midstream Corporation will post 1.23 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 11th. Stockholders of record on Wednesday, October 28th will be paid a dividend of $0.2250 per share. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.2%. Antero Midstream’s dividend payout ratio (DPR) is presently 107.14%.

Antero Midstream Profile

(Free Report)

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company’s services include gathering and compression, water handling and other infrastructure activities that help producers transport hydrocarbons from well sites to processing and takeaway facilities.

Antero Midstream primarily serves Antero Resources’ operations in the Appalachian Basin, particularly in West Virginia and Ohio.

Featured Articles

Institutional Ownership by Quarter for Antero Midstream (NYSE:AM)

Receive News & Ratings for Antero Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream and related companies with MarketBeat.com's FREE daily email newsletter.