Antero Midstream Co. (NYSE:AM) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 16.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 393,806 shares of the pipeline company's stock after selling 76,937 shares during the quarter. SG Americas Securities LLC owned about 0.08% of Antero Midstream worth $5,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AM. Millennium Management LLC increased its position in Antero Midstream by 314.6% during the 2nd quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company's stock valued at $27,459,000 after buying an additional 1,413,606 shares in the last quarter. FMR LLC increased its holdings in shares of Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company's stock valued at $16,446,000 after acquiring an additional 600,208 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Antero Midstream by 74.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company's stock worth $10,338,000 after purchasing an additional 293,238 shares during the last quarter. Geode Capital Management LLC boosted its stake in Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company's stock worth $91,549,000 after purchasing an additional 251,987 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Antero Midstream by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock valued at $28,686,000 after purchasing an additional 203,967 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company's stock.

Antero Midstream Trading Down 1.1 %

Shares of AM stock traded down $0.19 during trading hours on Friday, reaching $16.38. 1,914,577 shares of the stock were exchanged, compared to its average volume of 1,940,323. 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 12-month low of $11.58 and a 12-month high of $16.86. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 20.23 and a beta of 2.34. The company's 50-day moving average price is $15.53 and its 200-day moving average price is $15.05.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.49%. Antero Midstream's dividend payout ratio is currently 111.11%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AM. Wells Fargo & Company downgraded Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price target on the stock. in a research note on Wednesday, December 18th. StockNews.com cut Antero Midstream from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th.

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.