XTX Topco Ltd Purchases New Position in Antero Midstream Co. (NYSE:AM)

XTX Topco Ltd purchased a new stake in Antero Midstream Co. (NYSE:AM) during the third quarter, Holdings Channel reports. The firm purchased 16,988 shares of the pipeline company’s stock, valued at approximately $256,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Antero Midstream by 1.5% in the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock worth $166,856,000 after acquiring an additional 160,593 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in Antero Midstream by 3.7% in the second 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. Charles Schwab Investment Management Inc. grew its holdings in shares of Antero Midstream by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock worth $57,047,000 after purchasing an additional 22,936 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Antero Midstream by 5.8% during the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after purchasing an additional 184,911 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Antero Midstream by 314.6% in the second quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock valued at $27,459,000 after buying an additional 1,413,606 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on AM. Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a report on Wednesday. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Morgan Stanley boosted their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th.

Antero Midstream Price Performance

Shares of AM stock opened at $14.22 on Thursday. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 17.56 and a beta of 2.39. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $16.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a 50-day moving average price of $15.21 and a 200 day moving average price of $14.85.

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 paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

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.