Antero Midstream Co. (NYSE:AM) Shares Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board increased its holdings in Antero Midstream Co. (NYSE:AM) by 35.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 103,391 shares of the pipeline company’s stock after buying an additional 27,013 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Antero Midstream were worth $1,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its position in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 688 shares during the period. Wedmont Private Capital increased its position in shares of Antero Midstream by 4.7% in the third quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock valued at $264,000 after buying an additional 759 shares in the last quarter. CWM LLC raised its stake in shares of Antero Midstream by 10.5% during the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after buying an additional 768 shares during the period. Nations Financial Group Inc. IA ADV lifted its position in shares of Antero Midstream by 1.0% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock valued at $1,158,000 after buying an additional 798 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its holdings in Antero Midstream by 21.9% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock worth $68,000 after acquiring an additional 818 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were 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 trade represents 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 accessible through this link. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AM has been the topic of several recent analyst reports. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley raised their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream Trading Down 0.5 %

Shares of AM stock opened at $15.43 on Thursday. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $15.87. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day moving average is $15.14 and its two-hundred day moving average is $14.74. The firm has a market capitalization of $7.42 billion, a P/E ratio of 19.04 and a beta of 2.35.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.83%. Antero Midstream’s payout ratio is presently 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.