Pathstone Holdings LLC Boosts Stock Position in Antero Midstream Co. (NYSE:AM)

Pathstone Holdings LLC increased its position in shares of Antero Midstream Co. (NYSE:AM) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,178 shares of the pipeline company’s stock after acquiring an additional 13,176 shares during the period. Pathstone Holdings LLC’s holdings in Antero Midstream were worth $2,471,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. boosted its stake in shares of 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 valued at $82,228,000 after purchasing an additional 199,625 shares during the period. Westwood Holdings Group Inc. boosted its position in Antero Midstream by 5.8% in 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 buying an additional 184,911 shares during the period. Millennium Management LLC grew 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 worth $27,459,000 after acquiring an additional 1,413,606 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Antero Midstream by 30.2% during the second quarter. Los Angeles Capital Management LLC now owns 1,096,055 shares of the pipeline company’s stock worth $16,156,000 after acquiring an additional 254,398 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Antero Midstream by 74.5% in the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after acquiring an additional 293,238 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were 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 of the company’s stock, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

Antero Midstream Stock Performance

NYSE:AM opened at $15.68 on Tuesday. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $15.90. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $7.55 billion, a PE ratio of 19.36 and a beta of 2.35. The business’s fifty day moving average price is $15.20 and its 200 day moving average price is $14.77.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.74%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analysts Forecast Growth

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

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.