Connor Clark & Lunn Investment Management Ltd. decreased its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 57.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 372,233 shares of the pipeline company's stock after selling 495,124 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Antero Midstream worth $5,602,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of AM. Russell Investments Group Ltd. raised its holdings in Antero Midstream by 108.9% in the first quarter. Russell Investments Group Ltd. now owns 29,497 shares of the pipeline company's stock valued at $415,000 after acquiring an additional 15,379 shares in the last quarter. US Bancorp DE raised its holdings in shares of Antero Midstream by 4.4% in the 1st quarter. US Bancorp DE now owns 34,127 shares of the pipeline company's stock valued at $480,000 after purchasing an additional 1,446 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Antero Midstream by 4.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 452,187 shares of the pipeline company's stock worth $6,358,000 after purchasing an additional 18,416 shares during the last quarter. Pitcairn Co. grew its stake in shares of Antero Midstream by 7.2% during the first quarter. Pitcairn Co. now owns 18,784 shares of the pipeline company's stock worth $264,000 after purchasing an additional 1,259 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Antero Midstream by 107.4% in the first quarter. Advisors Asset Management Inc. now owns 191,317 shares of the pipeline company's stock valued at $2,690,000 after buying an additional 99,070 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.
Insider Activity
In other news, Director Brooks J. Klimley sold 10,000 shares of the business's 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 transaction, the director now owns 74,100 shares of the company's stock, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.61% of the company's stock.
Antero Midstream Stock Down 0.1 %
NYSE:AM traded down $0.01 during midday trading on Friday, hitting $15.77. 3,593,185 shares of the company were exchanged, compared to its average volume of 2,833,663. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $15.90. The company has a market capitalization of $7.59 billion, a PE ratio of 19.47 and a beta of 2.35. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a fifty day simple moving average of $15.18 and a 200 day simple moving average of $14.76.
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 given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream's dividend payout ratio (DPR) is currently 111.11%.
Wall Street Analyst Weigh In
AM has been the subject of a number of recent analyst reports. StockNews.com downgraded Antero Midstream from a "buy" rating to a "hold" rating in a report on Monday, August 5th. 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 note on Tuesday, August 27th.
View Our Latest Research Report on Antero Midstream
Antero Midstream Company Profile
(
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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