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

Antero Midstream Corporation (NYSE:AM) insider Sheri Pearce sold 16,000 shares of the business’s 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 completion of the transaction, 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 can be accessed through this hyperlink.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $21.48 on Friday. The company has a market capitalization of $10.20 billion, a PE ratio of 25.58 and a beta of 0.65. Antero Midstream Corporation has a 12 month low of $16.96 and a 12 month high of $23.83. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. The stock’s fifty day simple moving average is $22.03 and its 200 day simple moving average is $21.67.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Wednesday, July 29th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, July 29th. Antero Midstream’s dividend payout ratio is 107.14%.

Hedge Funds Weigh In On Antero Midstream

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in Antero Midstream by 0.8% during the first quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock worth $3,256,000 after acquiring an additional 1,371 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Antero Midstream by 174.9% during the 1st quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock worth $1,508,000 after purchasing an additional 53,281 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Antero Midstream by 56.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock valued at $69,739,000 after purchasing an additional 1,400,368 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Antero Midstream by 4.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company’s stock valued at $17,029,000 after purchasing an additional 43,335 shares during the period. Finally, M&T Bank Corp raised its holdings in shares of Antero Midstream by 5.9% in the 2nd quarter. M&T Bank Corp now owns 18,106 shares of the pipeline company’s stock valued at $344,000 after purchasing an additional 1,009 shares during the period. 53.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on AM shares. Weiss Ratings lowered Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Morgan Stanley upgraded shares of Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 target price on the stock in a report on Wednesday, April 22nd. The Goldman Sachs Group set a $24.00 price target on shares of Antero Midstream in a report on Tuesday, July 14th. Finally, Wells Fargo & Company increased their price objective on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.