Exchange Traded Concepts LLC Grows Holdings in Antero Midstream Co. (NYSE:AM)

Exchange Traded Concepts LLC lifted its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 928,015 shares of the pipeline company's stock after purchasing an additional 171,730 shares during the period. Exchange Traded Concepts LLC owned about 0.19% of Antero Midstream worth $14,004,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in shares of Antero Midstream by 4.9% during the second quarter. Envestnet Asset Management Inc. now owns 462,726 shares of the pipeline company's stock worth $6,821,000 after buying an additional 21,552 shares in the last quarter. Sei Investments Co. boosted its position in Antero Midstream by 278.0% during the second quarter. Sei Investments Co. now owns 74,637 shares of the pipeline company's stock worth $1,100,000 after acquiring an additional 54,892 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in Antero Midstream by 1.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 159,763 shares of the pipeline company's stock worth $2,355,000 after acquiring an additional 2,870 shares during the period. Bank of Montreal Can raised its holdings in Antero Midstream by 34.9% in the 2nd quarter. Bank of Montreal Can now owns 296,130 shares of the pipeline company's stock valued at $4,423,000 after acquiring an additional 76,562 shares during the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Antero Midstream during the 2nd quarter worth $55,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the 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 completion of the sale, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. This represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is currently owned by insiders.

Antero Midstream Trading Down 1.1 %

Antero Midstream stock traded down $0.19 during midday trading on Friday, reaching $16.38. The stock had a trading volume of 1,914,577 shares, compared to its average volume of 2,349,492. The stock has a market capitalization of $7.89 billion, a PE ratio of 20.23 and a beta of 2.34. 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's 50-day simple moving average is $15.50 and its 200 day simple moving average is $15.03. Antero Midstream Co. has a twelve month low of $11.58 and a twelve month high of $16.86.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Wednesday, January 29th. Antero Midstream's payout ratio is currently 111.11%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. StockNews.com lowered Antero Midstream from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. 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 report on Wednesday, December 18th.

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.