Antero Midstream Co. (NYSE:AM) Director Sells $146,600.00 in Stock

Antero Midstream Co. (NYSE:AM) 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 transaction of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Antero Midstream Stock Performance

Shares of AM stock opened at $15.19 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 52 week low of $11.58 and a 52 week high of $15.87. The firm has a 50 day moving average of $14.97 and a 200-day moving average of $14.64. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 18.75 and a beta of 2.35.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.92%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is currently 111.11%.

Hedge Funds Weigh In On Antero Midstream

Institutional investors have recently made changes to their positions in the stock. Natixis Advisors LLC grew its stake in shares of Antero Midstream by 89.2% in the 3rd quarter. Natixis Advisors LLC now owns 95,440 shares of the pipeline company’s stock valued at $1,436,000 after buying an additional 44,993 shares during the period. Empowered Funds LLC boosted its holdings in Antero Midstream by 89.1% in the third quarter. Empowered Funds LLC now owns 40,388 shares of the pipeline company’s stock worth $608,000 after acquiring an additional 19,027 shares in the last quarter. ING Groep NV acquired a new stake in Antero Midstream in the third quarter valued at approximately $1,108,000. Metis Global Partners LLC increased its holdings in shares of Antero Midstream by 33.5% during the third quarter. Metis Global Partners LLC now owns 18,952 shares of the pipeline company’s stock valued at $285,000 after acquiring an additional 4,754 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Antero Midstream by 36.2% during the third quarter. KBC Group NV now owns 13,017 shares of the pipeline company’s stock worth $196,000 after purchasing an additional 3,460 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AM. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley upped their target price on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th.

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.