Insider Selling: Antero Midstream Corp (AM) Director Sells 1,825,600 Shares of Stock

Antero Midstream Corp (NYSE:AM) Director Yorktown Viii Associates Llc sold 1,825,600 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $12.61, for a total transaction of $23,020,816.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE AM traded down $0.12 on Friday, reaching $12.92. 98,224 shares of the company’s stock traded hands, compared to its average volume of 2,695,383. Antero Midstream Corp has a 12 month low of $10.12 and a 12 month high of $19.91. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 39.17, a P/E/G ratio of 2.70 and a beta of 1.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.99 and a current ratio of 0.99.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, May 1st. The pipeline company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.11). Antero Midstream had a net margin of 35.14% and a return on equity of 14.35%. The business had revenue of $265.80 million for the quarter, compared to the consensus estimate of $287.06 million. During the same period in the prior year, the business posted $0.07 EPS. Antero Midstream’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, analysts forecast that Antero Midstream Corp will post 0.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Friday, April 26th were paid a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 9.37%. The ex-dividend date of this dividend was Thursday, April 25th. Antero Midstream’s dividend payout ratio is 366.67%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Berman Capital Advisors LLC bought a new position in shares of Antero Midstream during the fourth quarter valued at approximately $115,000. IFP Advisors Inc bought a new position in shares of Antero Midstream during the fourth quarter valued at approximately $154,000. Bessemer Group Inc. increased its stake in shares of Antero Midstream by 236.6% during the fourth quarter. Bessemer Group Inc. now owns 7,873 shares of the pipeline company’s stock valued at $169,000 after purchasing an additional 5,534 shares in the last quarter. LVW Advisors LLC increased its stake in shares of Antero Midstream by 10.5% during the fourth quarter. LVW Advisors LLC now owns 10,000 shares of the pipeline company’s stock valued at $214,000 after purchasing an additional 950 shares in the last quarter. Finally, Tibra Equities Europe Ltd bought a new position in shares of Antero Midstream during the fourth quarter valued at approximately $227,000. 50.92% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently issued reports on AM. ValuEngine downgraded shares of Antero Midstream from a “hold” rating to a “sell” rating in a research note on Friday, April 19th. Zacks Investment Research downgraded shares of Antero Midstream from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 16th. Capital One Financial downgraded shares of Antero Midstream from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 1st. Raymond James downgraded shares of Antero Midstream from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $19.00 to $17.00 in a research note on Tuesday, April 16th. They noted that the move was a valuation call. Finally, Barclays reissued a “hold” rating and issued a $16.00 price target on shares of Antero Midstream in a research note on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $30.31.

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Antero Midstream Company Profile

Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.

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