Bank of Montreal Can Has $6.24 Million Position in Antero Midstream Co. (NYSE:AM)

Bank of Montreal Can raised its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 40.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,763 shares of the pipeline company's stock after acquiring an additional 119,633 shares during the period. Bank of Montreal Can owned approximately 0.09% of Antero Midstream worth $6,241,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AM. Price T Rowe Associates Inc. MD lifted its holdings in Antero Midstream by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 182,452 shares of the pipeline company's stock worth $2,566,000 after purchasing an additional 8,167 shares during the period. Tidal Investments LLC boosted its holdings in shares of Antero Midstream by 36.7% in the first quarter. Tidal Investments LLC now owns 46,749 shares of the pipeline company's stock valued at $657,000 after acquiring an additional 12,557 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Antero Midstream during the first quarter valued at approximately $152,000. Cetera Investment Advisers raised its holdings in Antero Midstream by 89.4% during the first quarter. Cetera Investment Advisers now owns 482,647 shares of the pipeline company's stock worth $6,786,000 after purchasing an additional 227,855 shares in the last quarter. Finally, Cetera Advisors LLC lifted its position in Antero Midstream by 608.8% in the first quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company's stock worth $2,121,000 after purchasing an additional 129,561 shares during the period. Institutional investors and hedge funds own 53.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AM. Morgan Stanley upped their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Tuesday, August 27th. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, November 28th.

Antero Midstream Price Performance

Shares of AM traded up $0.14 during trading hours on Tuesday, hitting $15.48. 3,830,029 shares of the company were exchanged, compared to its average volume of 2,670,718. 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 company has a market capitalization of $7.45 billion, a PE ratio of 19.11 and a beta of 2.39. The firm has a fifty day simple moving average of $15.28 and a 200-day simple moving average of $14.81. Antero Midstream Co. has a one year low of $11.58 and a one year high of $16.00.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a $0.225 dividend. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.82%. Antero Midstream's dividend payout ratio (DPR) is 111.11%.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 10,000 shares of the firm's 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 completion of the transaction, the director now owns 74,100 shares of the company's stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company 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.