Advisors Asset Management Inc. Boosts Stock Position in Antero Midstream Co. (NYSE:AM)

Advisors Asset Management Inc. lifted its holdings in Antero Midstream Co. (NYSE:AM) by 10.5% in the third quarter, HoldingsChannel reports. The firm owned 358,928 shares of the pipeline company’s stock after purchasing an additional 34,222 shares during the quarter. Advisors Asset Management Inc.’s holdings in Antero Midstream were worth $5,402,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in shares of Antero Midstream by 108.9% in the first quarter. Russell Investments Group Ltd. now owns 29,497 shares of the pipeline company’s stock valued at $415,000 after acquiring an additional 15,379 shares in the last quarter. US Bancorp DE raised its stake in shares of Antero Midstream by 4.4% during the 1st quarter. US Bancorp DE now owns 34,127 shares of the pipeline company’s stock worth $480,000 after buying an additional 1,446 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Antero Midstream by 4.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 452,187 shares of the pipeline company’s stock worth $6,358,000 after buying an additional 18,416 shares during the period. Pitcairn Co. raised its stake in shares of Antero Midstream by 7.2% during the 1st quarter. Pitcairn Co. now owns 18,784 shares of the pipeline company’s stock worth $264,000 after buying an additional 1,259 shares during the period. Finally, Beck Capital Management LLC increased its position in shares of Antero Midstream by 2.8% during the first quarter. Beck Capital Management LLC now owns 146,004 shares of the pipeline company’s stock worth $2,053,000 after purchasing an additional 4,015 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. This trade represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on AM shares. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley increased their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Price Performance

AM opened at $15.78 on Friday. The stock’s 50-day moving average price is $15.16 and its 200 day moving average price is $14.74. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $15.87. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 19.48 and a beta of 2.35.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is currently 111.11%.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.