Amalgamated Bank cut its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 21.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,611 shares of the pipeline company's stock after selling 44,247 shares during the quarter. Amalgamated Bank's holdings in Antero Midstream were worth $2,447,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AM. Illinois Municipal Retirement Fund purchased a new position in Antero Midstream in the 1st quarter worth approximately $1,506,000. Clearbridge Investments LLC lifted its stake in Antero Midstream by 1.2% during the first quarter. Clearbridge Investments LLC now owns 7,282,393 shares of the pipeline company's stock worth $102,390,000 after purchasing an additional 84,000 shares during the last quarter. Linden Thomas Advisory Services LLC acquired a new position in Antero Midstream in the second quarter valued at $526,000. Cetera Advisors LLC boosted its holdings in shares of Antero Midstream by 608.8% in the first quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company's stock valued at $2,121,000 after acquiring an additional 129,561 shares during the period. Finally, Westwood Holdings Group Inc. grew its holdings in shares of Antero Midstream by 5.8% during the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company's stock worth $49,516,000 after buying an additional 184,911 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on AM shares. StockNews.com lowered shares of Antero Midstream from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Morgan Stanley increased their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 27th.
Get Our Latest Stock Report on AM
Antero Midstream Stock Performance
Shares of AM stock traded down $0.26 during trading on Tuesday, reaching $15.34. The company had a trading volume of 1,281,246 shares, compared to its average volume of 2,660,651. 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's 50 day simple moving average is $15.01 and its two-hundred day simple moving average is $14.68. The company has a market capitalization of $7.38 billion, a PE ratio of 19.26 and a beta of 2.35. Antero Midstream Co. has a one year low of $11.58 and a one year high of $15.87.
Antero Midstream Dividend Announcement
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 5.87%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream's payout ratio is presently 111.11%.
Insider Activity
In other news, insider Sheri Pearce sold 23,518 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the sale, the insider now owns 130,349 shares of the company's stock, valued at $1,901,791.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Sheri Pearce sold 23,518 shares of Antero Midstream stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the completion of the transaction, the insider now directly owns 130,349 shares in the company, valued at approximately $1,901,791.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream 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 sale, the director now directly owns 74,100 shares of the company's stock, valued at approximately $1,086,306. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.
About Antero Midstream
(
Free Report)
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.
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