Antero Midstream Co. (NYSE:AM) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 37.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 849,354 shares of the pipeline company's stock after selling 515,845 shares during the period. BNP Paribas Financial Markets owned approximately 0.18% of Antero Midstream worth $12,783,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in Antero Midstream by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 182,452 shares of the pipeline company's stock valued at $2,566,000 after buying an additional 8,167 shares during the last quarter. Tidal Investments LLC raised its holdings in Antero Midstream by 36.7% during 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 during the period. Virtu Financial LLC purchased a new position in shares of Antero Midstream in the first quarter valued at about $152,000. Cetera Investment Advisers boosted its stake in shares of Antero Midstream by 89.4% in the first quarter. Cetera Investment Advisers now owns 482,647 shares of the pipeline company's stock worth $6,786,000 after acquiring an additional 227,855 shares during the period. Finally, Cetera Advisors LLC grew its position in shares of Antero Midstream by 608.8% during 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 in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Stock Down 4.0 %

AM stock traded down $0.64 on Monday, hitting $15.33. 3,010,524 shares of the company's stock were exchanged, compared to its average volume of 2,675,003. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $7.38 billion, a P/E ratio of 19.54 and a beta of 2.35. The firm has a 50 day moving average price of $15.28 and a two-hundred day moving average price of $14.81. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $16.00.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.87%. Antero Midstream's payout ratio is currently 111.11%.

Insider Activity

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the transaction, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

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

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.