Insider Selling: Antero Midstream (NYSE:AM) Insider Sells $352,160.00 in Stock

Antero Midstream Corporation (NYSE:AM) insider Sheri Pearce sold 16,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total transaction of $352,160.00. Following the sale, the insider owned 83,900 shares in the company, valued at $1,846,639. This represents a 16.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Antero Midstream Stock Performance

Shares of NYSE:AM opened at $21.26 on Friday. Antero Midstream Corporation has a 1 year low of $16.96 and a 1 year high of $23.83. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 25.31 and a beta of 0.65. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50 day simple moving average is $22.04 and its 200 day simple moving average is $21.67.

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 paid a $0.225 dividend. The ex-dividend date is Wednesday, July 29th. This represents a $0.90 annualized dividend and a dividend yield of 4.2%. Antero Midstream’s dividend payout ratio (DPR) is presently 107.14%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group set a $24.00 price objective on Antero Midstream in a research report on Tuesday, July 14th. Wells Fargo & Company lifted their target price on Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Weiss Ratings downgraded Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday. Finally, 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 research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Antero Midstream presently has an average rating of “Hold” and a consensus target price of $24.50.

Institutional Trading of Antero Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AM. Royal Bank of Canada boosted its stake in shares of Antero Midstream by 0.8% in the 1st quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock valued at $3,256,000 after purchasing an additional 1,371 shares during the last quarter. AQR Capital Management LLC raised its stake in Antero Midstream by 174.9% during the first quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock worth $1,508,000 after buying an additional 53,281 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Antero Midstream by 56.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock worth $69,739,000 after buying an additional 1,400,368 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Antero Midstream by 4.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company’s stock valued at $17,029,000 after buying an additional 43,335 shares during the period. Finally, M&T Bank Corp lifted its holdings in Antero Midstream by 5.9% in the second quarter. M&T Bank Corp now owns 18,106 shares of the pipeline company’s stock valued at $344,000 after buying an additional 1,009 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

About Antero Midstream

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.