United Capital Financial Advisors LLC Invests $888,000 in Antero Midstream Corporation $AM

United Capital Financial Advisors LLC purchased a new stake in shares of Antero Midstream Corporation (NYSE:AM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 39,033 shares of the pipeline company’s stock, valued at approximately $888,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC lifted 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 worth $46,000 after buying an additional 537 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Antero Midstream by 2.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 21,430 shares of the pipeline company’s stock worth $489,000 after acquiring an additional 537 shares during the period. Hantz Financial Services Inc. raised its position in shares of Antero Midstream by 23.0% in the 4th quarter. Hantz Financial Services Inc. now owns 3,305 shares of the pipeline company’s stock worth $59,000 after acquiring an additional 617 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Antero Midstream by 0.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 120,765 shares of the pipeline company’s stock worth $2,148,000 after acquiring an additional 660 shares in the last quarter. Finally, Larson Financial Group LLC raised its position 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 worth $31,000 after acquiring an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Insiders Place Their Bets

In other Antero Midstream news, insider Sheri Pearce sold 16,000 shares of Antero Midstream 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 owned 83,900 shares in the company, valued at approximately $1,846,639. The trade was a 16.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total value of $106,350.00. Following the completion of the sale, the director directly owned 68,204 shares in the company, valued at $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 currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on AM. The Goldman Sachs Group set a $24.00 price target on Antero Midstream in a research report on Tuesday, July 14th. Weiss Ratings downgraded Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Finally, Wells Fargo & Company raised their price objective 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. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.50.

Antero Midstream Price Performance

Shares of NYSE AM opened at $22.32 on Monday. Antero Midstream Corporation has a fifty-two week low of $16.96 and a fifty-two week high of $23.83. The company has a 50 day simple moving average of $22.30 and a two-hundred day simple moving average of $22.06. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 26.57 and a beta of 0.65. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.84.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $326.43 million. During the same period last year, the business earned $0.29 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Analysts expect that Antero Midstream Corporation will post 1.09 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

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