Wedmont Private Capital Acquires 6,536 Shares of Antero Midstream Co. (NYSE:AM)

Wedmont Private Capital boosted its holdings in shares of Antero Midstream Co. (NYSE:AM) by 38.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,398 shares of the pipeline company’s stock after acquiring an additional 6,536 shares during the quarter. Wedmont Private Capital’s holdings in Antero Midstream were worth $362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in shares of Antero Midstream by 314.6% in the 2nd 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. FMR LLC grew its stake in Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after purchasing an additional 600,208 shares during the period. SG Americas Securities LLC increased its holdings in Antero Midstream by 1,141.2% in the third quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock worth $7,085,000 after purchasing an additional 432,817 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in 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 buying an additional 293,238 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Antero Midstream by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after buying an additional 251,987 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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 sale, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

AM has been the subject of several research analyst reports. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. 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, December 18th.

Antero Midstream Stock Performance

NYSE AM opened at $16.13 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 52 week low of $11.58 and a 52 week high of $16.35. The business has a 50 day moving average price of $15.34 and a 200-day moving average price of $14.95. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 19.91 and a beta of 2.34.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.58%. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

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.