JPMorgan Chase & Co. Increases Stake in Antero Midstream Co. (NYSE:AM)

JPMorgan Chase & Co. raised its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 12.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,906,052 shares of the pipeline company's stock after acquiring an additional 203,967 shares during the period. JPMorgan Chase & Co. owned about 0.40% of Antero Midstream worth $28,686,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AM. Ashton Thomas Securities LLC purchased a new stake in shares of Antero Midstream during the third quarter valued at approximately $38,000. Blue Trust Inc. increased its position in shares of Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock valued at $46,000 after purchasing an additional 1,857 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Antero Midstream during the 3rd quarter worth $48,000. Abich Financial Wealth Management LLC bought a new stake in shares of Antero Midstream during the 2nd quarter worth $55,000. Finally, CWM LLC grew its position in Antero Midstream by 10.5% during the third quarter. CWM LLC now owns 8,115 shares of the pipeline company's stock valued at $122,000 after buying an additional 768 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the firm's stock in a transaction 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 sale, the director now owns 74,100 shares in the company, 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 corporate insiders.

Antero Midstream Stock Performance

Shares of NYSE AM traded up $0.17 during mid-day trading on Wednesday, hitting $15.64. The company had a trading volume of 1,861,764 shares, compared to its average volume of 2,105,592. The stock's 50-day moving average price is $15.22 and its 200-day moving average price is $14.92. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 19.31 and a beta of 2.34. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $16.00.

Analysts Set New Price Targets

Several analysts have commented on AM shares. StockNews.com lowered shares of Antero Midstream from a "buy" rating to a "hold" rating in a research report on Tuesday. Wells Fargo & Company cut Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price objective on the stock. in a research note on Wednesday, December 18th.

Antero Midstream 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.