Wellington Management Group LLP Trims Stock Holdings in Antero Midstream Co. (NYSE:AM)

Wellington Management Group LLP decreased its position in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 62.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 513,114 shares of the pipeline company's stock after selling 849,097 shares during the quarter. Wellington Management Group LLP owned 0.11% of Antero Midstream worth $7,722,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AM. Ashton Thomas Securities LLC acquired a new stake in Antero Midstream during the 3rd quarter worth approximately $38,000. Blue Trust Inc. lifted its holdings 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 during the period. Brooklyn Investment Group bought a new stake in shares of Antero Midstream in the third quarter worth $48,000. First Horizon Advisors Inc. increased its holdings in Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company's stock valued at $52,000 after purchasing an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new position in Antero Midstream during the 2nd quarter worth $55,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AM shares. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Wednesday, December 11th. Morgan Stanley raised their target price on Antero Midstream from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Tuesday, August 27th.

Insider Buying and Selling

In other news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Antero Midstream Price Performance

NYSE AM traded down $0.23 during trading hours on Monday, reaching $14.88. 1,498,790 shares of the stock traded hands, compared to its average volume of 2,663,188. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a 50 day simple moving average of $15.26 and a two-hundred day simple moving average of $14.85. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $16.00. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 18.37 and a beta of 2.39.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.05%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream's dividend payout ratio is currently 111.11%.

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.