Van ECK Associates Corp Purchases 86,001 Shares of Antero Midstream Co. (NYSE:AM)

Van ECK Associates Corp increased its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 98.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 173,266 shares of the pipeline company's stock after buying an additional 86,001 shares during the period. Van ECK Associates Corp's holdings in Antero Midstream were worth $2,564,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund purchased a new stake in Antero Midstream during the first quarter valued at about $1,506,000. Clearbridge Investments LLC grew its stake in Antero Midstream by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 7,282,393 shares of the pipeline company's stock valued at $102,390,000 after buying an additional 84,000 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new stake in Antero Midstream during the 2nd quarter valued at $526,000. Cetera Advisors LLC raised its holdings in Antero Midstream by 608.8% during the 1st quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company's stock valued at $2,121,000 after acquiring an additional 129,561 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company's stock worth $49,516,000 after acquiring an additional 184,911 shares during the period. Institutional investors own 53.97% of the company's stock.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the transaction, the insider now owns 130,349 shares of the company's stock, valued at $1,901,791.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Brooks J. Klimley sold 10,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the transaction, the director now directly owns 74,100 shares of the company's stock, valued at approximately $1,086,306. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sheri Pearce sold 23,518 shares of the company'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 value of $343,127.62. Following the completion of the sale, the insider now directly owns 130,349 shares of the company's stock, valued at approximately $1,901,791.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

Antero Midstream Price Performance

Shares of Antero Midstream stock traded up $0.24 during trading on Monday, hitting $15.60. The stock had a trading volume of 2,500,448 shares, compared to its average volume of 2,747,070. 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 $15.87. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 19.26 and a beta of 2.35. The business's 50-day moving average is $14.99 and its 200 day moving average is $14.67.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.77%. Antero Midstream's dividend payout ratio is currently 111.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AM. Morgan Stanley increased their price objective on Antero Midstream from $15.00 to $16.00 and gave the stock an "underweight" rating in a report on Tuesday, August 27th. StockNews.com lowered shares of Antero Midstream from a "buy" rating to a "hold" rating in a research report on Monday, August 5th.

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.