Key Points
- Yvette Schultz sold 69,269 shares of Antero Midstream on May 4 at an average of $21.90 for roughly $1.52 million, reducing her stake by 10.66% to 580,565 shares (valued ≈ $12.71M).
- Antero Midstream declared a quarterly dividend of $0.225 per share (annualized $0.90) for a ~4.1% yield, while the company's payout ratio is high at 104.65%.
- The company reported quarterly EPS of $0.25 (missed consensus by $0.01) with revenue of $314.21M, and analysts' consensus rating is "Hold" with an average price target of about $24.
Antero Midstream Corporation (NYSE:AM - Get Free Report) insider Yvette Schultz sold 69,269 shares of Antero Midstream stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $21.90, for a total transaction of $1,516,991.10. Following the completion of the sale, the insider owned 580,565 shares of the company's stock, valued at $12,714,373.50. This trade represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Antero Midstream Trading Up 1.3%
Shares of Antero Midstream stock opened at $21.99 on Tuesday. The firm's 50 day simple moving average is $22.36 and its two-hundred day simple moving average is $19.70. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 25.57 and a beta of 0.68. Antero Midstream Corporation has a 12-month low of $16.77 and a 12-month high of $23.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.89.
Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $314.21 million for the quarter, compared to analyst estimates of $311.30 million. Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The company's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Analysts predict that Antero Midstream Corporation will post 1.13 EPS for the current year.
Antero Midstream Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Wednesday, April 29th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $0.90 dividend on an annualized basis and a yield of 4.1%. Antero Midstream's payout ratio is currently 104.65%.
Hedge Funds Weigh In On Antero Midstream
Several institutional investors and hedge funds have recently modified their holdings of AM. Richardson Financial Services Inc. boosted its stake in shares of Antero Midstream by 330.2% in the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company's stock worth $25,000 after buying an additional 994 shares during the last quarter. Root Financial Partners LLC purchased a new position in Antero Midstream during the third quarter valued at approximately $25,000. Elevation Wealth Partners LLC purchased a new position in Antero Midstream during the fourth quarter valued at approximately $27,000. Quent Capital LLC acquired a new position in Antero Midstream in the third quarter valued at approximately $28,000. Finally, Larson Financial Group LLC lifted its holdings 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 acquiring an additional 708 shares during the period. Institutional investors and hedge funds own 53.97% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on AM shares. The Goldman Sachs Group increased their price objective on Antero Midstream from $18.00 to $23.00 and gave the company a "neutral" rating in a report on Tuesday, February 24th. Morgan Stanley raised Antero Midstream from an "underweight" rating to an "equal weight" rating and set a $26.00 target price for the company in a report on Wednesday, April 22nd. UBS Group increased their price target on shares of Antero Midstream from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, March 25th. Zacks Research lowered shares of Antero Midstream from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Antero Midstream from $21.00 to $23.00 and gave the company an "equal weight" rating in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Antero Midstream has an average rating of "Hold" and a consensus price target of $24.00.
Check Out Our Latest Stock Report on AM
About Antero Midstream
(
Get 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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