Intech Investment Management LLC Decreases Holdings in Antero Midstream Co. (NYSE:AM)

Intech Investment Management LLC lowered its holdings in Antero Midstream Co. (NYSE:AM - Free Report) by 31.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 92,268 shares of the pipeline company's stock after selling 42,035 shares during the quarter. Intech Investment Management LLC's holdings in Antero Midstream were worth $1,389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new position in Antero Midstream during the third quarter worth 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. City State Bank acquired a new position in shares of Antero Midstream in the 2nd quarter valued at $51,000. First Horizon Advisors Inc. raised its position in Antero Midstream by 24.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company's stock valued at $52,000 after purchasing an additional 688 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in Antero Midstream during the 2nd quarter worth $55,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the 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 transaction, the director now owns 74,100 shares of the company's stock, valued at $1,086,306. This trade represents 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. Insiders own 0.61% of the company's stock.

Antero Midstream Price Performance

Shares of Antero Midstream stock traded down $0.10 on Wednesday, hitting $15.77. The company's stock had a trading volume of 2,005,284 shares, compared to its average volume of 2,676,393. The company has a market capitalization of $7.59 billion, a P/E ratio of 19.62 and a beta of 2.35. Antero Midstream Co. has a 52-week low of $11.58 and a 52-week high of $15.90. The firm has a fifty day moving average price of $15.22 and a 200-day moving average price of $14.78. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream's dividend payout ratio is currently 111.11%.

Analysts Set New Price Targets

AM has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on Antero Midstream from $15.00 to $16.00 and gave the stock an "underweight" rating in a research 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.

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.