Wealth Enhancement Advisory Services LLC Purchases 1,249 Shares of Antero Midstream Co. (NYSE:AM)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Antero Midstream Co. (NYSE:AM) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,774 shares of the pipeline company’s stock after purchasing an additional 1,249 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Antero Midstream were worth $328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its holdings in shares of Antero Midstream by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 7,282,393 shares of the pipeline company’s stock worth $102,390,000 after purchasing an additional 84,000 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Antero Midstream by 3.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock worth $82,228,000 after purchasing an additional 199,625 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Antero Midstream by 5.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock valued at $49,516,000 after acquiring an additional 184,911 shares during the period. Millennium Management LLC boosted its holdings in Antero Midstream by 314.6% during the 2nd quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock valued at $27,459,000 after acquiring an additional 1,413,606 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in Antero Midstream by 30.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,096,055 shares of the pipeline company’s stock valued at $16,156,000 after acquiring an additional 254,398 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the 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 transaction, the director now owns 74,100 shares of the company’s stock, 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 accessible through the SEC website. In other news, Director Brooks J. Klimley sold 10,000 shares of the 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 transaction, the director now owns 74,100 shares of the company’s stock, 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 accessible through the SEC website. Also, insider Sheri Pearce sold 23,518 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the transaction, the insider now directly owns 130,349 shares of the company’s stock, valued at $1,901,791.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Antero Midstream Trading Up 0.2 %

AM opened at $15.36 on Monday. The business has a 50 day simple moving average of $14.99 and a two-hundred day simple moving average of $14.67. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 18.96 and a beta of 2.35. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. Antero Midstream Co. has a one year low of $11.58 and a one year high of $15.87.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders 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 5.86%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is 111.11%.

Analysts Set New Price Targets

Several brokerages recently weighed in on AM. Morgan Stanley increased 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. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report 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.