Victory Capital Management Inc. Grows Position in Antero Midstream Co. (NYSE:AM)

Victory Capital Management Inc. grew its position in Antero Midstream Co. (NYSE:AM - Free Report) by 30.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 135,230 shares of the pipeline company's stock after buying an additional 31,915 shares during the period. Victory Capital Management Inc.'s holdings in Antero Midstream were worth $2,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AM. Ashton Thomas Securities LLC bought a new stake in Antero Midstream in the 3rd quarter worth approximately $38,000. Blue Trust Inc. grew its position in Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock valued at $46,000 after buying an additional 1,857 shares during the period. City State Bank bought a new position in Antero Midstream in the second quarter worth approximately $51,000. First Horizon Advisors Inc. boosted its stake in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company's stock worth $52,000 after acquiring an additional 688 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Antero Midstream during the 2nd quarter valued at $55,000. 53.97% of the stock is owned by institutional investors.

Antero Midstream Stock Down 0.6 %

Antero Midstream stock traded down $0.09 during midday trading on Monday, hitting $15.68. 4,506,301 shares of the company's stock were exchanged, compared to its average volume of 2,683,917. The company has a market cap of $7.55 billion, a PE ratio of 19.47 and a beta of 2.35. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $15.90. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a 50-day moving average of $15.18 and a two-hundred day moving average of $14.76.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 5.74%. Antero Midstream's dividend payout ratio (DPR) is 111.11%.

Wall Street Analyst Weigh In

Several analysts have recently commented on AM shares. StockNews.com downgraded shares of Antero Midstream from a "buy" rating to a "hold" rating in a research 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 research report on Tuesday, August 27th.

Insider Activity

In related 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.