Antero Midstream Co. (NYSE:AM) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in shares of Antero Midstream Co. (NYSE:AM) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 704,500 shares of the pipeline company’s stock after selling 4,500 shares during the period. Swiss National Bank owned about 0.15% of Antero Midstream worth $10,603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in Antero Midstream by 108.9% during the 1st quarter. Russell Investments Group Ltd. now owns 29,497 shares of the pipeline company’s stock valued at $415,000 after purchasing an additional 15,379 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Antero Midstream by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 182,452 shares of the pipeline company’s stock worth $2,566,000 after buying an additional 8,167 shares during the last quarter. SVB Wealth LLC acquired a new stake in Antero Midstream in the first quarter valued at $287,000. Tidal Investments LLC boosted its stake in Antero Midstream by 36.7% during the 1st quarter. Tidal Investments LLC now owns 46,749 shares of the pipeline company’s stock valued at $657,000 after acquiring an additional 12,557 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Antero Midstream during the 1st quarter worth $152,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AM has been the topic of several research analyst reports. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley lifted their target price on 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

AM opened at $15.77 on Monday. 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 company’s 50-day moving average price is $15.18 and its 200 day moving average price is $14.76. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $15.90. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 19.47 and a beta of 2.35.

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. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.71%. Antero Midstream’s dividend payout ratio is currently 111.11%.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the business’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 transaction, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

About Antero Midstream

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.