Dimensional Fund Advisors LP Sells 223,380 Shares of Antero Midstream Corporation $AM

Dimensional Fund Advisors LP cut its stake in Antero Midstream Corporation (NYSE:AM) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,016,816 shares of the pipeline company’s stock after selling 223,380 shares during the period. Dimensional Fund Advisors LP’s holdings in Antero Midstream were worth $205,596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC raised its position in shares of Antero Midstream by 68.1% in the 4th quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 708 shares in the last quarter. Arax Advisory Partners lifted its stake in shares of Antero Midstream by 83.9% in 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 during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Antero Midstream by 219,900.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company’s stock valued at $39,000 after purchasing an additional 2,199 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Antero Midstream by 36.4% during the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 537 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Antero Midstream by 401.4% in the second quarter. Geneos Wealth Management Inc. now owns 2,778 shares of the pipeline company’s stock worth $53,000 after purchasing an additional 2,224 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Insider Buying and Selling at Antero Midstream

In related news, insider Yvette K. Schultz sold 69,269 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $21.90, for a total value of $1,516,991.10. Following the transaction, the insider owned 580,565 shares in the company, valued at $12,714,373.50. The trade was a 10.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael N. Kennedy sold 100,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $21.92, for a total transaction of $2,192,000.00. Following the sale, the insider directly owned 1,500,594 shares in the company, valued at $32,893,020.48. This trade represents a 6.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by company insiders.

Antero Midstream Stock Performance

Antero Midstream stock opened at $22.75 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $10.80 billion, a P/E ratio of 26.45 and a beta of 0.64. The stock’s 50 day moving average is $22.07 and its 200 day moving average is $21.38. Antero Midstream Corporation has a twelve month low of $16.77 and a twelve month high of $23.83.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $314.21 million for the quarter, compared to the consensus estimate of $311.30 million. Antero Midstream had a net margin of 33.90% and a return on equity of 20.38%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. On average, equities research analysts predict that Antero Midstream Corporation will post 1.1 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th will be issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.90 annualized dividend and a dividend yield of 4.0%. Antero Midstream’s dividend payout ratio (DPR) is presently 104.65%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Weiss Ratings lowered Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 25th. The Goldman Sachs Group set a $24.00 target price on shares of Antero Midstream in a research report on Tuesday, July 14th. Finally, Morgan Stanley upgraded 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. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.25.

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.