CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Trims Position in Antero Midstream Corporation $AM

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT decreased its holdings in shares of Antero Midstream Corporation (NYSE:AM) by 36.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 201,000 shares of the pipeline company’s stock after selling 115,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Antero Midstream were worth $4,583,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Elevation Wealth Partners LLC acquired a new position in Antero Midstream in the 4th quarter valued at about $27,000. Arax Advisory Partners lifted its position in Antero Midstream by 83.9% during the 4th quarter. Arax Advisory Partners now owns 1,734 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 791 shares during the period. Larson Financial Group LLC grew 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 last quarter. Root Financial Partners LLC grew its stake in shares of Antero Midstream by 36.4% in the 1st quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 537 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Antero Midstream by 219,900.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company’s stock valued at $39,000 after purchasing an additional 2,199 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Up 0.2%

Shares of NYSE AM opened at $22.50 on Monday. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 26.17 and a beta of 0.64. Antero Midstream Corporation has a 52 week low of $16.77 and a 52 week high of $23.83. The firm has a 50-day moving average price of $21.75 and a 200 day moving average price of $20.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.89.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, April 29th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The company had revenue of $314.21 million for the quarter, compared to analyst estimates of $311.30 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Antero Midstream Corporation will post 1.11 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Wednesday, April 29th were issued a $0.225 dividend. The ex-dividend date was Wednesday, April 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.0%. Antero Midstream’s dividend payout ratio is currently 104.65%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 25th. Morgan Stanley upgraded shares of Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 price objective for the company in a research report on Wednesday, April 22nd. Wells Fargo & Company raised their target price 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, UBS Group lifted their target price on shares of Antero Midstream from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $24.00.

Antero Midstream News Summary

Here are the key news stories impacting Antero Midstream this week:

• Negative Sentiment: Zacks Research lowered near-term and medium-term EPS forecasts for Antero Midstream, including FY2026 to $1.03 from $1.10 and FY2027 to $1.16 from $1.25, signaling a softer earnings outlook. Antero Midstream stock page
• Negative Sentiment: Multiple quarterly estimates were also reduced, including Q1 2027, Q2 2027, Q3 2027, and Q4 2027, which may reinforce concerns about slower earnings growth ahead. Antero Midstream stock page
• Neutral Sentiment: Despite the cuts, some longer-term forecasts remain above the current consensus estimate of $1.11 per share for the full year, suggesting analysts still see stable earnings power over time. Antero Midstream stock page

Insider Buying and Selling

In other Antero Midstream news, insider Michael N. Kennedy sold 100,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $21.92, for a total value of $2,192,000.00. Following the sale, the insider owned 1,500,594 shares of the company’s stock, valued at approximately $32,893,020.48. This represents a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 69,269 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $21.90, for a total value of $1,516,991.10. Following the completion of the transaction, the insider owned 580,565 shares of the company’s stock, valued at approximately $12,714,373.50. This represents a 10.66% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% 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.