Barnett & Company Inc. Acquires 4,000 Shares of Antero Midstream Co. (NYSE:AM)

Barnett & Company Inc. lifted its holdings in Antero Midstream Co. (NYSE:AM) by 4.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 85,700 shares of the pipeline company’s stock after acquiring an additional 4,000 shares during the quarter. Barnett & Company Inc.’s holdings in Antero Midstream were worth $1,290,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Antero Midstream by 360.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 1,753 shares during the period. Norden Group LLC bought a new stake in shares of Antero Midstream during the 1st quarter valued at $211,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Antero Midstream by 60.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 24,211 shares of the pipeline company’s stock worth $340,000 after purchasing an additional 9,147 shares in the last quarter. Quantbot Technologies LP raised its stake in Antero Midstream by 54.1% in the first quarter. Quantbot Technologies LP now owns 64,059 shares of the pipeline company’s stock valued at $901,000 after purchasing an additional 22,492 shares in the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in Antero Midstream during the first quarter worth about $1,506,000. 53.97% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Sheri Pearce sold 23,518 shares of Antero Midstream stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the sale, the insider now directly owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction that occurred 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 sale, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sheri Pearce sold 23,518 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the sale, the insider now directly owns 130,349 shares of the company’s stock, valued at $1,901,791.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Antero Midstream Price Performance

NYSE AM traded down $0.17 during trading on Tuesday, hitting $15.43. 558,260 shares of the company’s stock were exchanged, compared to its average volume of 2,657,350. The company has a market cap of $7.43 billion, a PE ratio of 19.26 and a beta of 2.35. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $15.87. The stock’s 50 day moving average price is $15.01 and its two-hundred day moving average price is $14.68.

Antero Midstream Dividend Announcement

The business also recently disclosed 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. This represents a $0.90 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is 111.11%.

Analyst Ratings Changes

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

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.