Antero Midstream Corporation $AM Stake Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in Antero Midstream Corporation (NYSE:AM) by 47.1% in the 3rd quarter, Holdings Channel reports. The firm owned 66,263 shares of the pipeline company’s stock after selling 59,088 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Antero Midstream were worth $1,336,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new position in Antero Midstream during the second quarter worth about $25,000. Clearstead Trust LLC purchased a new position in Antero Midstream in the second quarter valued at about $30,000. Eastern Bank increased its holdings in Antero Midstream by 428.8% in the third quarter. Eastern Bank now owns 1,375 shares of the pipeline company’s stock valued at $28,000 after buying an additional 1,115 shares in the last quarter. Ancora Advisors LLC purchased a new position in Antero Midstream in the second quarter valued at about $38,000. Finally, Root Financial Partners LLC increased its holdings in Antero Midstream by 36.4% in the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock valued at $46,000 after buying an additional 537 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Insider Activity

In other news, insider Sheri Pearce sold 16,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the sale, the insider directly owned 83,900 shares in the company, valued at $1,846,639. This represents a 16.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brooks J. Klimley sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total transaction of $106,350.00. Following the transaction, the director directly owned 68,204 shares of the company’s stock, valued at approximately $1,450,699.08. This trade represents a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Antero Midstream Price Performance

Antero Midstream stock opened at $20.81 on Tuesday. Antero Midstream Corporation has a 52 week low of $16.96 and a 52 week high of $23.83. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83. The firm’s 50-day simple moving average is $21.45 and its 200 day simple moving average is $21.47. The firm has a market capitalization of $9.88 billion, a PE ratio of 24.78 and a beta of 0.72.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The firm had revenue of $327.24 million for the quarter, compared to analysts’ expectations of $326.43 million. During the same period in the prior year, the company earned $0.29 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. On average, equities research analysts predict that Antero Midstream Corporation will post 1.23 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 11th. Shareholders of record on Wednesday, October 28th will be given a dividend of $0.2250 per share. The ex-dividend date is Wednesday, October 28th. This represents a $0.90 dividend on an annualized basis and a yield of 4.3%. Antero Midstream’s payout ratio is presently 107.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Capital One Financial upgraded Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Tuesday, September 22nd. Zacks Research downgraded Antero Midstream from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. Weiss Ratings downgraded Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. Finally, UBS Group reduced their price objective on Antero Midstream from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.20.

Antero Midstream Company Profile

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company’s services include gathering and compression, water handling and other infrastructure activities that help producers transport hydrocarbons from well sites to processing and takeaway facilities.

Antero Midstream primarily serves Antero Resources’ operations in the Appalachian Basin, particularly in West Virginia and Ohio.