Western Wealth Management LLC Purchases New Position in Antero Midstream Corporation $AM

Western Wealth Management LLC purchased a new stake in Antero Midstream Corporation (NYSE:AM) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,392 shares of the pipeline company’s stock, valued at approximately $579,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AM. Larson Financial Group LLC boosted its holdings in shares of Antero Midstream by 68.1% in the 4th quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock valued at $31,000 after buying an additional 708 shares in the last quarter. Arax Advisory Partners grew its position in shares of Antero Midstream by 83.9% in the 4th quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company’s stock valued at $31,000 after buying an additional 791 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Antero Midstream by 219,900.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company’s stock worth $39,000 after acquiring an additional 2,199 shares in the last quarter. Root Financial Partners LLC raised its stake in Antero Midstream by 36.4% during the 1st quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock worth $46,000 after acquiring an additional 537 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in 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 acquiring an additional 2,224 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

AM has been the subject of several research analyst reports. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a research report on Tuesday, July 14th. Weiss Ratings cut Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. 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 report on Wednesday, April 22nd. One research 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 has a consensus rating of “Hold” and a consensus target price of $24.50.

Antero Midstream Trading Up 2.2%

Shares of Antero Midstream stock opened at $22.57 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $10.72 billion, a P/E ratio of 26.88 and a beta of 0.65. Antero Midstream Corporation has a 1 year low of $16.96 and a 1 year high of $23.83. The company’s fifty day moving average is $22.13 and its two-hundred day moving average is $21.80.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, July 29th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.0%. Antero Midstream’s dividend payout ratio (DPR) is currently 107.14%.

Insider Transactions at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 16,000 shares of the company’s 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 completion of the sale, the insider directly owned 83,900 shares of the company’s stock, valued at $1,846,639. This represents a 16.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total value of $106,350.00. Following the sale, the director directly owned 68,204 shares of the company’s stock, valued at approximately $1,450,699.08. This represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% 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.