Stock Traders Buy Large Volume of Put Options on Antero Midstream (NYSE:AM)

Antero Midstream Co. (NYSE:AM - Get Free Report) was the target of unusually large options trading on Thursday. Stock traders purchased 35,555 put options on the stock. This is an increase of 2,865% compared to the average daily volume of 1,199 put options.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the business's stock in a transaction 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 sale, the director now directly owns 74,100 shares of the company's stock, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Antero Midstream during the third quarter worth $38,000. Blue Trust Inc. grew its stake in shares of Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock worth $46,000 after purchasing an additional 1,857 shares during the period. Brooklyn Investment Group acquired a new position in shares of Antero Midstream during the 3rd quarter worth $48,000. First Horizon Advisors Inc. increased its holdings in shares of Antero Midstream by 24.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company's stock valued at $52,000 after purchasing an additional 688 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Antero Midstream in the second quarter valued at about $55,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AM has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Tuesday, August 27th. 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 research note on Wednesday. Finally, StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday.

Antero Midstream Stock Performance

Shares of NYSE AM traded up $0.31 during mid-day trading on Thursday, hitting $14.53. 4,894,695 shares of the company were exchanged, compared to its average volume of 2,673,924. The stock has a 50 day simple moving average of $15.21 and a 200-day simple moving average of $14.85. Antero Midstream has a 1-year low of $11.58 and a 1-year high of $16.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 17.94 and a beta of 2.39.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream's payout ratio is 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.