Boston Family Office LLC Acquires 20,000 Shares of Antero Midstream Co. (NYSE:AM)

Boston Family Office LLC lifted its position in shares of Antero Midstream Co. (NYSE:AM) by 133.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,000 shares of the pipeline company’s stock after acquiring an additional 20,000 shares during the period. Boston Family Office LLC’s holdings in Antero Midstream were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Antero Midstream during the 3rd quarter worth approximately $38,000. Blue Trust Inc. lifted its stake in Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,857 shares during the last quarter. City State Bank bought a new position in Antero Midstream in the 2nd quarter valued at approximately $51,000. 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 purchasing an additional 688 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in Antero Midstream in the 2nd quarter valued at approximately $55,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

AM stock opened at $15.68 on Tuesday. The company has a fifty day moving average price of $15.20 and a 200-day moving average price of $14.77. The company has a market capitalization of $7.55 billion, a P/E ratio of 19.36 and a beta of 2.35. Antero Midstream Co. has a 52-week low of $11.58 and a 52-week 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.

Antero Midstream Dividend Announcement

The company 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. This represents a $0.90 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is presently 111.11%.

Analysts Set New Price Targets

Several equities analysts recently commented on AM shares. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley raised their price target on shares of 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 related news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream 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 transaction, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by insiders.

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.