Antero Midstream GP (AMGP) Insider Kevin J. Kilstrom Sells 50,000 Shares

Antero Midstream GP (NYSE:AMGP) insider Kevin J. Kilstrom sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $18.07, for a total transaction of $903,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE:AMGP traded up $0.31 during midday trading on Monday, hitting $18.59. 613,400 shares of the company were exchanged, compared to its average volume of 601,522. Antero Midstream GP has a fifty-two week low of $14.85 and a fifty-two week high of $22.87. The firm has a market capitalization of $3.40 billion and a P/E ratio of 619.67.

Antero Midstream GP (NYSE:AMGP) last announced its quarterly earnings results on Wednesday, April 25th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). Antero Midstream GP had a return on equity of 116.75% and a net margin of 21.79%. The company had revenue of $28.45 million for the quarter, compared to analyst estimates of $28.67 million. research analysts anticipate that Antero Midstream GP will post 0.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 23rd. Investors of record on Thursday, May 3rd will be paid a dividend of $0.108 per share. This is a positive change from Antero Midstream GP’s previous quarterly dividend of $0.08. This represents a $0.43 annualized dividend and a yield of 2.32%. The ex-dividend date is Wednesday, May 2nd. Antero Midstream GP’s dividend payout ratio (DPR) is currently 1,433.33%.

A number of large investors have recently made changes to their positions in AMGP. Duff & Phelps Investment Management Co. raised its stake in Antero Midstream GP by 9.2% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 554,550 shares of the company’s stock worth $10,936,000 after acquiring an additional 46,725 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Antero Midstream GP during the 4th quarter worth $5,265,000. Ballentine Partners LLC acquired a new stake in Antero Midstream GP during the 4th quarter worth $274,000. Alps Advisors Inc. acquired a new stake in Antero Midstream GP during the 4th quarter worth $755,000. Finally, Teacher Retirement System of Texas acquired a new stake in Antero Midstream GP during the 4th quarter worth $252,000. Hedge funds and other institutional investors own 73.65% of the company’s stock.

Several research firms have recently issued reports on AMGP. ValuEngine cut shares of Antero Midstream GP from a “sell” rating to a “strong sell” rating in a research report on Friday, May 4th. Zacks Investment Research cut shares of Antero Midstream GP from a “buy” rating to a “sell” rating in a research report on Tuesday, May 1st. Robert W. Baird reaffirmed a “buy” rating and set a $26.00 price objective on shares of Antero Midstream GP in a research report on Tuesday, April 10th. Seaport Global Securities cut shares of Antero Midstream GP from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $26.00 to $16.00 in a research report on Monday, April 9th. Finally, Morgan Stanley decreased their price objective on shares of Antero Midstream GP from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, March 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Antero Midstream GP presently has a consensus rating of “Buy” and a consensus target price of $24.17.

About Antero Midstream GP

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

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