Exchange Traded Concepts LLC Has $14.25 Million Stock Holdings in Antero Midstream Corporation $AM

Exchange Traded Concepts LLC decreased its holdings in Antero Midstream Corporation (NYSE:AM) by 24.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 800,960 shares of the pipeline company’s stock after selling 261,651 shares during the period. Exchange Traded Concepts LLC’s holdings in Antero Midstream were worth $14,249,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AM. Richardson Financial Services Inc. boosted its stake in shares of Antero Midstream by 330.2% during the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 994 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Antero Midstream during the third quarter worth about $25,000. Elevation Wealth Partners LLC acquired a new position in shares of Antero Midstream in the fourth quarter valued at approximately $27,000. Quent Capital LLC bought a new position in Antero Midstream in the 3rd quarter valued at approximately $28,000. Finally, Global Retirement Partners LLC raised its holdings in Antero Midstream by 33.3% in the 3rd quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock valued at $44,000 after buying an additional 565 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday. Zacks Research downgraded shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings upgraded shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, March 6th. Wells Fargo & Company boosted their price objective on shares of Antero Midstream from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Finally, The Goldman Sachs Group increased their price objective on Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Antero Midstream presently has an average rating of “Hold” and a consensus price target of $22.50.

Antero Midstream Stock Performance

Shares of AM stock opened at $23.21 on Friday. The stock has a market capitalization of $10.98 billion, a PE ratio of 26.99 and a beta of 0.77. The business’s 50 day simple moving average is $21.20 and its 200 day simple moving average is $19.19. 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 Corporation has a one year low of $15.07 and a one year high of $23.83.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. The firm had revenue of $297.00 million during the quarter, compared to analyst estimates of $292.46 million. Antero Midstream had a net margin of 34.77% and a return on equity of 20.12%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 EPS. As a group, research analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, January 28th. Antero Midstream’s dividend payout ratio (DPR) is currently 104.65%.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream 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 sale, the director directly owned 69,680 shares in the company, valued at approximately $1,613,788.80. The trade was a 6.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Yvette K. Schultz sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $22.81, for a total value of $570,250.00. Following the completion of the transaction, the insider directly owned 649,834 shares in the company, valued at approximately $14,822,713.54. This trade represents a 3.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 44,000 shares of company stock valued at $1,004,690 over the last quarter. Insiders own 0.86% of the company’s stock.

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.