Everence Capital Management Inc. Invests $451,000 in Antero Midstream Co. (NYSE:AM)

Everence Capital Management Inc. purchased a new stake in Antero Midstream Co. (NYSE:AM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,890 shares of the pipeline company’s stock, valued at approximately $451,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AM. Stifel Financial Corp raised its stake in shares of Antero Midstream by 0.8% in the third quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock valued at $1,256,000 after purchasing an additional 685 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Antero Midstream by 6.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock valued at $185,000 after buying an additional 705 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of Antero Midstream by 4.7% during the 3rd quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock worth $264,000 after acquiring an additional 759 shares during the period. CWM LLC boosted its position in shares of Antero Midstream by 10.5% during the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock valued at $122,000 after acquiring an additional 768 shares in the last quarter. Finally, Abich Financial Wealth Management LLC boosted its position in shares of Antero Midstream by 21.9% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after acquiring an additional 818 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on AM. Wells Fargo & Company cut shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research note on Wednesday, December 18th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 74,100 shares in the company, 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 the SEC website. Company insiders own 0.61% of the company’s stock.

Antero Midstream Stock Up 0.5 %

Shares of AM opened at $15.56 on Monday. The company has a market capitalization of $7.49 billion, a P/E ratio of 19.21 and a beta of 2.39. Antero Midstream Co. has a one year low of $11.58 and a one year high of $16.00. The business’s 50 day simple moving average is $15.20 and its 200-day simple moving average is $14.91. 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 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 issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s payout ratio is presently 111.11%.

Antero Midstream 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.