ING Groep NV Makes New $1.11 Million Investment in Antero Midstream Co. (NYSE:AM)

ING Groep NV bought a new position in shares of Antero Midstream Co. (NYSE:AM - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 73,600 shares of the pipeline company's stock, valued at approximately $1,108,000.

A number of other hedge funds have also modified their holdings of the business. Metis Global Partners LLC lifted its holdings in Antero Midstream by 33.5% in the third quarter. Metis Global Partners LLC now owns 18,952 shares of the pipeline company's stock valued at $285,000 after acquiring an additional 4,754 shares during the period. KBC Group NV lifted its holdings in Antero Midstream by 36.2% in the third quarter. KBC Group NV now owns 13,017 shares of the pipeline company's stock valued at $196,000 after acquiring an additional 3,460 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Antero Midstream by 74.5% in the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company's stock valued at $10,338,000 after acquiring an additional 293,238 shares during the period. Victory Capital Management Inc. lifted its holdings in Antero Midstream by 30.9% in the third quarter. Victory Capital Management Inc. now owns 135,230 shares of the pipeline company's stock valued at $2,035,000 after acquiring an additional 31,915 shares during the period. Finally, Barnett & Company Inc. lifted its holdings in Antero Midstream by 4.9% in the third quarter. Barnett & Company Inc. now owns 85,700 shares of the pipeline company's stock valued at $1,290,000 after acquiring an additional 4,000 shares during the period. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley raised their target price on Antero Midstream from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Tuesday, August 27th. StockNews.com downgraded Antero Midstream from a "buy" rating to a "hold" rating in a report on Monday, August 5th.

Insider Buying and Selling at Antero Midstream

In related news, insider Sheri Pearce sold 23,518 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total transaction of $343,127.62. Following the completion of the sale, the insider now owns 130,349 shares of the company's stock, valued at approximately $1,901,791.91. This represents a 15.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, 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 disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Antero Midstream Trading Up 1.4 %

AM traded up $0.22 during midday trading on Monday, hitting $15.47. The company's stock had a trading volume of 1,597,503 shares, compared to its average volume of 2,664,991. 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 firm has a market cap of $7.45 billion, a P/E ratio of 18.83 and a beta of 2.35. The firm has a 50-day moving average price of $15.06 and a two-hundred day moving average price of $14.71. Antero Midstream Co. has a 52-week low of $11.58 and a 52-week high of $15.87.

Antero Midstream Announces Dividend

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

Antero Midstream Company 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.