Chickasaw Capital Management LLC Sells 274,742 Shares of Antero Midstream Co. (NYSE:AM)

Chickasaw Capital Management LLC decreased its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,786,428 shares of the pipeline company's stock after selling 274,742 shares during the quarter. Antero Midstream makes up about 1.1% of Chickasaw Capital Management LLC's investment portfolio, making the stock its 16th biggest holding. Chickasaw Capital Management LLC owned 0.37% of Antero Midstream worth $26,957,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new position in shares of Antero Midstream in the 3rd quarter valued at about $38,000. Blue Trust Inc. grew its stake in Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock valued at $46,000 after purchasing an additional 1,857 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Antero Midstream during the 3rd quarter worth approximately $48,000. Abich Financial Wealth Management LLC bought a new stake in shares of Antero Midstream during the 2nd quarter worth approximately $55,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Antero Midstream by 44.5% in the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock valued at $96,000 after buying an additional 1,962 shares during the last quarter. Institutional investors own 53.97% of the company's stock.

Insider Buying and Selling at Antero Midstream

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

Antero Midstream Stock Performance

AM traded down $0.03 on Tuesday, reaching $15.47. The company had a trading volume of 2,738,851 shares, compared to its average volume of 2,166,437. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $16.00. The stock has a market cap of $7.45 billion, a P/E ratio of 19.10 and a beta of 2.34. The company's fifty day moving average is $15.22 and its 200 day moving average is $14.92. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Antero Midstream Announces Dividend

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

Wall Street Analysts Forecast Growth

AM has been the topic of several analyst reports. Wells Fargo & Company lowered shares of Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price target on the stock. in a research report on Wednesday, December 18th. StockNews.com cut shares of Antero Midstream from a "buy" rating to a "hold" rating in a report on Tuesday.

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.