MGO One Seven LLC Cuts Stock Holdings in Antero Midstream Corporation $AM

MGO One Seven LLC trimmed its position in shares of Antero Midstream Corporation (NYSE:AM) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,240 shares of the pipeline company’s stock after selling 3,773 shares during the quarter. MGO One Seven LLC’s holdings in Antero Midstream were worth $1,104,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Antero Midstream during the 1st quarter valued at approximately $529,000. Sequoia Financial Advisors LLC increased its holdings in Antero Midstream by 6.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,034 shares of the pipeline company’s stock worth $289,000 after acquiring an additional 975 shares in the last quarter. Silver Oak Securities Incorporated purchased a new stake in Antero Midstream in the 1st quarter worth $459,000. KBC Group NV increased its holdings in Antero Midstream by 18.5% in the 1st quarter. KBC Group NV now owns 17,628 shares of the pipeline company’s stock worth $317,000 after acquiring an additional 2,757 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Antero Midstream by 102.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,356 shares of the pipeline company’s stock worth $852,000 after acquiring an additional 23,922 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Trading Down 2.0%

Shares of AM opened at $17.96 on Friday. Antero Midstream Corporation has a 52-week low of $14.22 and a 52-week high of $19.82. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. The firm’s fifty day moving average is $18.41 and its two-hundred day moving average is $18.01. The stock has a market cap of $8.59 billion, a PE ratio of 18.91 and a beta of 0.85.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The company had revenue of $305.47 million for the quarter, compared to analysts’ expectations of $292.70 million. During the same quarter in the previous year, the company posted $0.23 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. Research analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.90 annualized dividend and a dividend yield of 5.0%. Antero Midstream’s payout ratio is presently 94.74%.

Wall Street Analyst Weigh In

AM has been the subject of several recent analyst reports. Zacks Research lowered shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Wells Fargo & Company boosted their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Wall Street Zen raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. The Goldman Sachs Group boosted their price target on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a “neutral” rating in a report on Monday, August 18th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Antero Midstream in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Antero Midstream has an average rating of “Hold” and a consensus target price of $18.50.

Insider Buying and Selling at Antero Midstream

In other news, insider Sheri Pearce sold 39,155 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the transaction, the insider owned 106,489 shares of the company’s stock, valued at approximately $1,864,622.39. The trade was a 26.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.86% of the company’s stock.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.