Key Points
- Insider sale: Sheri Pearce sold 16,000 Antero Midstream shares at an average price of $22.01, generating $352,160. Following the transaction, Pearce retained 83,900 shares, a 16.02% reduction in ownership.
- Dividend: Antero Midstream declared a quarterly dividend of $0.225 per share, or $0.90 annualized, representing a 4.3% yield. The company’s payout ratio is 107.14%.
- Analyst view and trading metrics: The stock opened at $21.17 and has a consensus “Hold” rating with a $24.50 price target. Antero Midstream’s market capitalization is approximately $10.05 billion, and institutional investors own 53.97% of its shares.
Antero Midstream Corporation (NYSE:AM - Get Free Report) insider Sheri Pearce sold 16,000 shares of Antero Midstream stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total value of $352,160.00. Following the completion of the transaction, the insider owned 83,900 shares in the company, valued at $1,846,639. The trade was a 16.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Antero Midstream Price Performance
NYSE AM opened at $21.17 on Thursday. The stock has a 50-day simple moving average of $22.02 and a 200 day simple moving average of $21.65. Antero Midstream Corporation has a twelve month low of $16.96 and a twelve month high of $23.83. The stock has a market capitalization of $10.05 billion, a PE ratio of 25.21 and a beta of 0.65. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84.
Antero Midstream Dividend Announcement
The firm 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 dividend on an annualized basis and a dividend yield of 4.3%. Antero Midstream's payout ratio is 107.14%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group set a $24.00 target price on shares of Antero Midstream in a research report on Tuesday, July 14th. Weiss Ratings downgraded shares of Antero Midstream from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday. Morgan Stanley upgraded shares of Antero Midstream from an "underweight" rating to an "equal weight" rating and set a $26.00 price target on the stock in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $24.50.
Check Out Our Latest Research Report on AM
Hedge Funds Weigh In On Antero Midstream
A number of hedge funds and other institutional investors have recently made changes to their positions in AM. Larson Financial Group LLC lifted its stake in Antero Midstream by 68.1% during the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company's stock worth $31,000 after purchasing an additional 708 shares during the period. Arax Advisory Partners boosted its holdings in Antero Midstream by 83.9% during the fourth 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Antero Midstream by 219,900.0% in the 4th 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 during the period. Root Financial Partners LLC grew its stake in shares of Antero Midstream by 36.4% in the 1st 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 during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Antero Midstream by 401.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,778 shares of the pipeline company's stock worth $53,000 after buying an additional 2,224 shares during the period. 53.97% of the stock is owned by institutional investors.
Antero Midstream Company Profile
(
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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