Antero Midstream Corporation Plans Quarterly Dividend of $0.23 (NYSE:AM)

Antero Midstream Corporation (NYSE:AM) announced a quarterly dividend on Wednesday, April 15th. Shareholders of record on Wednesday, April 29th will be paid a dividend of 0.225 per share by the pipeline company on Wednesday, May 13th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 29th.

Antero Midstream has decreased its dividend by an average of 0.1%per year over the last three years. Antero Midstream has a dividend payout ratio of 81.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Antero Midstream to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 89.1%.

Antero Midstream Stock Up 0.1%

Shares of NYSE:AM opened at $21.28 on Thursday. The firm’s 50-day moving average is $22.16 and its two-hundred day moving average is $19.51. The company has a debt-to-equity ratio of 1.63, a current ratio of 3.41 and a quick ratio of 3.41. Antero Midstream has a 1 year low of $16.24 and a 1 year high of $23.83. The firm has a market capitalization of $10.07 billion, a PE ratio of 24.74 and a beta of 0.75.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 11th. The pipeline company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). Antero Midstream had a net margin of 34.77% and a return on equity of 20.12%. The business had revenue of $297.00 million during the quarter, compared to analyst estimates of $292.46 million. During the same quarter last year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts predict that Antero Midstream will post 0.95 EPS for the current year.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $23.16, for a total value of $115,800.00. Following the completion of the transaction, the director directly owned 69,680 shares of the company’s stock, valued at $1,613,788.80. This represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sheri Pearce sold 14,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $22.76, for a total transaction of $318,640.00. Following the completion of the transaction, the insider owned 99,900 shares in the company, valued at $2,273,724. This represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 44,000 shares of company stock valued at $1,004,690. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Richardson Financial Services Inc. lifted its position in Antero Midstream by 330.2% in the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 994 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Antero Midstream during the third quarter worth about $25,000. Elevation Wealth Partners LLC acquired a new stake in shares of Antero Midstream during the fourth quarter worth about $27,000. Quent Capital LLC acquired a new stake in shares of Antero Midstream during the third quarter worth about $28,000. Finally, Larson Financial Group LLC lifted 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 purchasing an additional 708 shares during the last quarter. 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.