Rockefeller Capital Management L.P. Has $368,000 Position in Antero Midstream Corporation $AM

Rockefeller Capital Management L.P. lessened its holdings in Antero Midstream Corporation (NYSE:AM) by 53.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,661 shares of the pipeline company’s stock after selling 23,334 shares during the period. Rockefeller Capital Management L.P.’s holdings in Antero Midstream were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Elevation Wealth Partners LLC acquired a new position in shares of Antero Midstream in the fourth quarter valued at $27,000. Arax Advisory Partners lifted its stake in shares of 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 buying an additional 791 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Antero Midstream by 68.1% during the 4th quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock worth $31,000 after buying an additional 708 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Antero Midstream by 219,900.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,200 shares of the pipeline company’s stock worth $39,000 after buying an additional 2,199 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Antero Midstream by 401.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,778 shares of the pipeline company’s stock worth $53,000 after buying an additional 2,224 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AM. Wells Fargo & Company increased their price target on shares of Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Weiss Ratings downgraded Antero Midstream from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 25th. Morgan Stanley upgraded Antero Midstream from an “underweight” rating to an “equal weight” rating and set a $26.00 target price on the stock in a research note on Wednesday, April 22nd. Finally, UBS Group lifted their price target on Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Antero Midstream has a consensus rating of “Hold” and a consensus price target of $24.00.

Insider Activity at Antero Midstream

In related news, insider Yvette K. Schultz sold 69,269 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $21.90, for a total value of $1,516,991.10. Following the completion of the sale, the insider directly owned 580,565 shares in the company, valued at approximately $12,714,373.50. The trade was a 10.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael N. Kennedy sold 100,000 shares of the stock in a transaction that occurred 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 directly owned 1,500,594 shares in the company, valued at $32,893,020.48. This represents a 6.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Antero Midstream Trading Up 2.0%

AM stock opened at $22.52 on Tuesday. Antero Midstream Corporation has a 52 week low of $16.77 and a 52 week high of $23.83. The company has a market capitalization of $10.70 billion, a PE ratio of 26.16 and a beta of 0.64. The company’s 50-day simple moving average is $21.76 and its 200 day simple moving average is $20.93. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.99 and a current ratio of 0.99.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data 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). The business had revenue of $314.21 million during the quarter, compared to analyst estimates of $311.30 million. Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.Antero Midstream’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. As a group, sell-side analysts anticipate that Antero Midstream Corporation will post 1.11 earnings per share for the current year.

Antero Midstream Dividend Announcement

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

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.