Atria Wealth Solutions Inc. Sells 11,256 Shares of Antero Midstream Corporation $AM

Atria Wealth Solutions Inc. decreased its position in shares of Antero Midstream Corporation (NYSE:AM) by 35.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,626 shares of the pipeline company’s stock after selling 11,256 shares during the period. Atria Wealth Solutions Inc.’s holdings in Antero Midstream were worth $391,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AM. Transce3nd LLC acquired a new position in shares of Antero Midstream in the first quarter valued at about $29,000. Brooklyn Investment Group grew its position in shares of Antero Midstream by 41.2% during the 1st quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company’s stock worth $82,000 after purchasing an additional 1,328 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Antero Midstream by 34.0% during the 1st quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company’s stock worth $154,000 after purchasing an additional 2,165 shares in the last quarter. CWM LLC increased its holdings in shares of Antero Midstream by 7.1% during the first quarter. CWM LLC now owns 9,472 shares of the pipeline company’s stock worth $170,000 after purchasing an additional 629 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in shares of Antero Midstream in the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AM shares. Wells Fargo & Company increased their price target on Antero Midstream from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Weiss Ratings reiterated a “buy (a-)” rating on shares of Antero Midstream in a research report on Wednesday, October 8th. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Morgan Stanley upped their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Antero Midstream presently has a consensus rating of “Hold” and an average target price of $18.50.

Antero Midstream Price Performance

Shares of AM stock opened at $18.37 on Tuesday. The business has a fifty day simple moving average of $18.40 and a 200 day simple moving average of $18.02. The company has a market cap of $8.79 billion, a P/E ratio of 19.34 and a beta of 0.85. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.45. Antero Midstream Corporation has a twelve month low of $14.22 and a twelve month high of $19.82.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $305.47 million during the quarter, compared to the consensus estimate of $292.70 million. Antero Midstream had a net margin of 39.53% and a return on equity of 21.67%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. On average, sell-side analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. Antero Midstream’s dividend payout ratio is 94.74%.

Insider Activity

In other news, insider Sheri Pearce sold 39,155 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total transaction of $685,604.05. Following the completion of the transaction, the insider directly owned 106,489 shares in the company, valued at approximately $1,864,622.39. This represents a 26.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.

Antero Midstream Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.