Antero Midstream Corporation $AM Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its stake in Antero Midstream Corporation (NYSE:AM) by 11.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,457 shares of the pipeline company’s stock after selling 3,177 shares during the quarter. Sigma Planning Corp’s holdings in Antero Midstream were worth $463,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. increased its holdings in Antero Midstream by 31.7% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 9,311,881 shares of the pipeline company’s stock valued at $167,614,000 after buying an additional 2,242,283 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Antero Midstream in the 1st quarter worth approximately $25,226,000. Goldman Sachs Group Inc. grew 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 worth $69,739,000 after acquiring an additional 1,400,368 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Antero Midstream by 17.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,662,358 shares of the pipeline company’s stock valued at $83,922,000 after purchasing an additional 697,234 shares in the last quarter. Finally, Boston Trust Walden Corp raised its holdings in Antero Midstream by 24.4% during the second quarter. Boston Trust Walden Corp now owns 3,543,536 shares of the pipeline company’s stock worth $67,150,000 after purchasing an additional 695,233 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

AM has been the topic of several research reports. Wall Street Zen lowered Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings cut shares of Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Zacks Research cut shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Finally, Morgan Stanley increased their price target on shares of Antero Midstream from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.50.

Insider Buying and Selling

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

Antero Midstream Price Performance

Antero Midstream stock opened at $17.70 on Friday. Antero Midstream Corporation has a 12-month low of $14.22 and a 12-month high of $19.82. The stock has a market capitalization of $8.43 billion, a P/E ratio of 18.06 and a beta of 0.88. The firm’s 50-day moving average is $18.35 and its two-hundred day moving average is $18.13. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Antero Midstream had a net margin of 40.07% and a return on equity of 22.53%. The firm had revenue of $294.82 million during the quarter, compared to analyst estimates of $287.30 million. During the same period in the prior year, the firm earned $0.21 EPS. The business’s quarterly revenue was down 8.4% on a year-over-year basis. Equities analysts predict that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.1%. Antero Midstream’s payout ratio is currently 91.84%.

Antero Midstream 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.