28,489 Shares in Antero Midstream Corporation $AM Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC purchased a new position in shares of Antero Midstream Corporation (NYSE:AMFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 28,489 shares of the pipeline company’s stock, valued at approximately $650,000.

A number of other hedge funds also recently modified their holdings of AM. Larson Financial Group LLC lifted its stake in Antero Midstream by 68.1% in the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 708 shares during the last quarter. Arax Advisory Partners increased its position in Antero Midstream by 83.9% in the fourth quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company’s stock worth $31,000 after buying an additional 791 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Antero Midstream by 219,900.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company’s stock worth $39,000 after buying an additional 2,199 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Antero Midstream by 36.4% in the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock valued at $46,000 after buying an additional 537 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Antero Midstream by 401.4% in the second quarter. Geneos Wealth Management Inc. now owns 2,778 shares of the pipeline company’s stock valued at $53,000 after buying an additional 2,224 shares during the period. Institutional investors own 53.97% of the company’s stock.

Insider Buying and Selling

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

Antero Midstream Trading Up 0.2%

NYSE:AM opened at $21.56 on Friday. Antero Midstream Corporation has a 1 year low of $16.96 and a 1 year high of $23.83. The stock’s fifty day moving average price is $22.03 and its two-hundred day moving average price is $21.54. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $10.24 billion, a P/E ratio of 25.67 and a beta of 0.64.

Antero Midstream (NYSE:AMGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Antero Midstream had a net margin of 32.41% and a return on equity of 20.07%. The company had revenue of $314.21 million for the quarter, compared to the consensus estimate of $311.30 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, analysts expect that Antero Midstream Corporation will post 1.1 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, July 29th. Antero Midstream’s dividend payout ratio (DPR) is 104.65%.

Analysts Set New Price Targets

AM has been the subject of several research reports. Weiss Ratings downgraded Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 25th. Morgan Stanley upgraded Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price objective on the stock in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group set a $24.00 price objective on shares of Antero Midstream in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.25.

View Our Latest Stock Report on AM

Antero Midstream Profile

(Free Report)

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.

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

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