254,942 Shares in Antero Midstream Corporation $AM Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in Antero Midstream Corporation (NYSE:AM) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 254,942 shares of the pipeline company’s stock, valued at approximately $5,800,000. Sanctuary Advisors LLC owned 0.05% of Antero Midstream at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AM. Clearstead Trust LLC bought a new stake in shares of Antero Midstream during the 2nd quarter valued at $30,000. Larson Financial Group LLC lifted its stake 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 period. Arax Advisory Partners boosted 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 worth $31,000 after purchasing an additional 791 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Antero Midstream by 219,900.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company’s stock worth $39,000 after purchasing an additional 2,199 shares during the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of Antero Midstream by 36.4% during the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 537 shares during the period. 53.97% of the stock is owned by institutional investors.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction 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. The trade was a 6.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sheri Pearce sold 16,000 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 83,900 shares of the company’s stock, valued at approximately $1,846,639. The trade was a 16.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AM. Wells Fargo & Company upped their price objective on Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Weiss Ratings cut Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group set a $24.00 price target on shares of Antero Midstream in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.50.

Antero Midstream Trading Down 0.0%

NYSE:AM opened at $22.14 on Tuesday. 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 business’s 50-day simple moving average is $22.24 and its 200-day simple moving average is $21.97. Antero Midstream Corporation has a fifty-two week low of $16.96 and a fifty-two week high of $23.83. The stock has a market capitalization of $10.51 billion, a PE ratio of 26.35 and a beta of 0.65.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The business had revenue of $327.24 million during the quarter, compared to analysts’ expectations of $326.43 million. During the same period in the prior year, the business earned $0.29 EPS. Antero Midstream’s revenue for the quarter was up 7.1% compared to the same quarter last year. Sell-side analysts expect that Antero Midstream Corporation will post 1.09 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently disclosed 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Wednesday, July 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 107.14%.

Antero Midstream Company Profile

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.