Algert Global LLC Boosts Stock Position in Antero Midstream Co. (NYSE:AM)

Algert Global LLC boosted its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 35.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 347,003 shares of the pipeline company's stock after purchasing an additional 91,590 shares during the period. Algert Global LLC owned about 0.07% of Antero Midstream worth $5,222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AM. Millennium Management LLC increased its position in shares of Antero Midstream by 314.6% during the 2nd quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company's stock valued at $27,459,000 after purchasing an additional 1,413,606 shares during the last quarter. Westwood Holdings Group Inc. raised its position in Antero Midstream by 46.6% in the first quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company's stock worth $44,632,000 after acquiring an additional 1,008,515 shares during the period. SIR Capital Management L.P. purchased a new position in shares of Antero Midstream during the 2nd quarter worth $8,251,000. SG Americas Securities LLC grew its position in shares of Antero Midstream by 1,141.2% during the 3rd quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company's stock valued at $7,085,000 after acquiring an additional 432,817 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Antero Midstream by 74.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company's stock worth $10,338,000 after purchasing an additional 293,238 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AM shares. StockNews.com lowered Antero Midstream from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Morgan Stanley boosted their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Tuesday, August 27th.

Antero Midstream Price Performance

Shares of AM traded down $0.09 during trading hours on Monday, reaching $15.68. 4,506,301 shares of the stock traded hands, compared to its average volume of 2,683,919. Antero Midstream Co. has a 52-week low of $11.58 and a 52-week high of $15.90. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a market cap of $7.55 billion, a P/E ratio of 19.36 and a beta of 2.35. The company's 50-day moving average price is $15.20 and its two-hundred 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. Investors 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 is currently 111.11%.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was 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 owns 74,100 shares in the company, valued at $1,086,306. This trade 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 at the SEC website. 0.61% of the stock is owned by corporate insiders.

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.