Antero Midstream Co. (NYSE:AM) Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP trimmed its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,984,097 shares of the pipeline company's stock after selling 34,672 shares during the quarter. Antero Midstream makes up about 1.1% of Kayne Anderson Capital Advisors LP's portfolio, making the stock its 18th biggest holding. Kayne Anderson Capital Advisors LP owned 0.62% of Antero Midstream worth $44,911,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AM. Allspring Global Investments Holdings LLC raised its stake in shares of Antero Midstream by 360.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company's stock worth $31,000 after buying an additional 1,753 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Antero Midstream in the third quarter valued at about $38,000. Blue Trust Inc. increased its stake in shares of Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock worth $46,000 after purchasing an additional 1,857 shares in the last quarter. City State Bank acquired a new position in shares of Antero Midstream during the 2nd quarter worth about $51,000. Finally, First Horizon Advisors Inc. lifted its stake 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 buying an additional 688 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Antero Midstream Trading Up 1.5 %

Shares of AM stock traded up $0.23 on Monday, hitting $15.48. The stock had a trading volume of 2,262,458 shares, compared to its average volume of 2,668,539. The company's 50 day moving average price is $15.09 and its 200-day moving average price is $14.72. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $15.87. The firm has a market capitalization of $7.45 billion, a P/E ratio of 19.11 and a beta of 2.35. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream's dividend payout ratio is currently 111.11%.

Insider Activity

In related news, insider Sheri Pearce sold 23,518 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the transaction, the insider now owns 130,349 shares in the company, valued at $1,901,791.91. This trade represents a 15.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brooks J. Klimley sold 10,000 shares of the company'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 completion of the sale, the director now 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. Company insiders own 0.61% of the company's stock.

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.