Geode Capital Management LLC Grows Stock Position in Antero Midstream Co. (NYSE:AM)

Geode Capital Management LLC boosted its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,081,501 shares of the pipeline company's stock after purchasing an additional 251,987 shares during the quarter. Geode Capital Management LLC owned about 1.26% of Antero Midstream worth $91,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in Antero Midstream during the third quarter valued at approximately $38,000. Blue Trust Inc. increased its holdings in shares of Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock valued at $46,000 after acquiring an additional 1,857 shares during the period. Brooklyn Investment Group bought a new position in shares of Antero Midstream in the 3rd quarter worth $48,000. First Horizon Advisors Inc. lifted its stake in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company's stock worth $52,000 after purchasing an additional 688 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in Antero Midstream during the second quarter valued at about $55,000. 53.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on AM shares. Wells Fargo & Company lowered shares of Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price target for the company. in a research report on Wednesday. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Morgan Stanley lifted their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an "underweight" rating in a report on Tuesday, August 27th.

Insider Activity at Antero Midstream

In other Antero Midstream 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 transaction of $146,600.00. Following the completion of the transaction, the director now directly 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 filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.

Antero Midstream Stock Performance

Shares of Antero Midstream stock traded up $0.48 during midday trading on Friday, hitting $15.01. The company had a trading volume of 9,288,133 shares, compared to its average volume of 2,700,812. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 18.53 and a beta of 2.39. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $16.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a fifty day simple moving average of $15.20 and a 200 day simple moving average of $14.85.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 111.11%.

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.