Antero Midstream Corporation (NYSE:AM – Get Free Report) Director Brooks Klimley sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total value of $106,350.00. Following the completion of the transaction, the director owned 68,204 shares of the company’s stock, valued at approximately $1,450,699.08. The trade was a 6.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Antero Midstream Trading Down 1.1%
NYSE AM opened at $21.26 on Friday. The firm has a market capitalization of $10.09 billion, a PE ratio of 25.31 and a beta of 0.65. The stock’s 50 day moving average is $22.04 and its 200 day moving average is $21.67. Antero Midstream Corporation has a twelve month low of $16.96 and a twelve month high of $23.83. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83.
Antero Midstream Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Wednesday, July 29th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, July 29th. This represents a $0.90 annualized dividend and a yield of 4.2%. Antero Midstream’s dividend payout ratio (DPR) is currently 107.14%.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on Antero Midstream
Institutional Investors Weigh In On Antero Midstream
Several hedge funds have recently added to or reduced their stakes in the stock. Miller Howard Investments Inc. NY boosted its stake in Antero Midstream by 2.5% in the 4th quarter. Miller Howard Investments Inc. NY now owns 1,978,405 shares of the pipeline company’s stock worth $35,196,000 after purchasing an additional 47,817 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Antero Midstream by 41.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 733,861 shares of the pipeline company’s stock valued at $13,056,000 after purchasing an additional 216,416 shares in the last quarter. Kesler Norman & Wride LLC bought a new stake in Antero Midstream during the 4th quarter valued at about $939,000. Louisiana State Employees Retirement System purchased a new position in Antero Midstream in the first quarter worth about $2,189,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Antero Midstream by 19.0% in the fourth quarter. BNP Paribas Financial Markets now owns 1,592,910 shares of the pipeline company’s stock worth $28,338,000 after buying an additional 254,088 shares in the last quarter. 53.97% of the stock is owned by institutional investors.
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.
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