Antero Midstream Co. (NYSE:AM) Stake Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 10.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 358,928 shares of the pipeline company's stock after acquiring an additional 34,222 shares during the quarter. Advisors Asset Management Inc. owned about 0.07% of Antero Midstream worth $5,402,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in Antero Midstream by 108.9% in the first quarter. Russell Investments Group Ltd. now owns 29,497 shares of the pipeline company's stock valued at $415,000 after acquiring an additional 15,379 shares in the last quarter. US Bancorp DE increased its stake in Antero Midstream by 4.4% during the 1st quarter. US Bancorp DE now owns 34,127 shares of the pipeline company's stock worth $480,000 after buying an additional 1,446 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Antero Midstream by 4.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 452,187 shares of the pipeline company's stock worth $6,358,000 after buying an additional 18,416 shares in the last quarter. Pitcairn Co. grew its stake in shares of Antero Midstream by 7.2% during the first quarter. Pitcairn Co. now owns 18,784 shares of the pipeline company's stock valued at $264,000 after acquiring an additional 1,259 shares in the last quarter. Finally, Beck Capital Management LLC grew its stake in shares of Antero Midstream by 2.8% during the first quarter. Beck Capital Management LLC now owns 146,004 shares of the pipeline company's stock valued at $2,053,000 after acquiring an additional 4,015 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Stock Performance

NYSE AM traded down $0.01 on Friday, hitting $15.77. The stock had a trading volume of 3,526,123 shares, compared to its average volume of 2,675,594. The company's 50-day moving average is $15.16 and its two-hundred day moving average is $14.74. Antero Midstream Co. has a one year low of $11.58 and a one year high of $15.90. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 19.52 and a beta of 2.35. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream's dividend payout ratio is currently 111.11%.

Insider Activity

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream 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 transaction, the director now 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on AM. StockNews.com downgraded shares of Antero Midstream from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Morgan Stanley lifted their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an "underweight" rating in a research note on Tuesday, August 27th.

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.