Algert Global LLC Acquires 91,590 Shares of Antero Midstream Co. (NYSE:AM)

Algert Global LLC increased its holdings in Antero Midstream Co. (NYSE:AM) by 35.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 347,003 shares of the pipeline company’s stock after acquiring an additional 91,590 shares during the quarter. Algert Global LLC owned about 0.07% of Antero Midstream worth $5,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Antero Midstream in the 3rd quarter worth approximately $38,000. Blue Trust Inc. grew its stake in Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 1,857 shares during the period. City State Bank bought a new position in Antero Midstream in the second quarter worth $51,000. First Horizon Advisors Inc. lifted its position in Antero Midstream by 24.2% during the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after buying an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Antero Midstream during the 2nd quarter valued at $55,000. Institutional investors own 53.97% of the company’s stock.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the transaction, the director now owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.61% of the company’s stock.

Antero Midstream Price Performance

Shares of NYSE:AM opened at $15.77 on Monday. The business has a fifty day moving average price of $15.18 and a 200-day moving average price of $14.76. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $7.59 billion, a PE ratio of 19.47 and a beta of 2.35. Antero Midstream Co. has a 1-year low of $11.58 and a 1-year high of $15.90.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 5.71%. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AM shares. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley lifted their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th.

About Antero Midstream

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.