Antero Midstream Co. (NYSE:AM) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY trimmed its position in Antero Midstream Co. (NYSE:AM) by 20.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,718,027 shares of the pipeline company’s stock after selling 437,100 shares during the period. Miller Howard Investments Inc. NY’s holdings in Antero Midstream were worth $25,925,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Antero Midstream in the third quarter valued at $38,000. Financial Management Professionals Inc. raised its position in shares of Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after acquiring an additional 1,000 shares in the last quarter. Blue Trust Inc. lifted its stake in 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 last quarter. Brooklyn Investment Group acquired a new position in Antero Midstream in the third quarter valued at approximately $48,000. Finally, Abich Financial Wealth Management LLC increased its stake in Antero Midstream by 21.9% in the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after purchasing an additional 818 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company cut shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research report on Wednesday, December 18th.

Antero Midstream Price Performance

AM stock opened at $16.11 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $7.75 billion, a P/E ratio of 19.89 and a beta of 2.31. The business has a 50 day simple moving average of $15.59 and a 200-day simple moving average of $15.13. Antero Midstream Co. has a twelve month low of $11.58 and a twelve month high of $16.86.

Antero Midstream Announces Dividend

The firm also recently disclosed 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 of this dividend is Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.59%. Antero Midstream’s dividend payout ratio is presently 111.11%.

About Antero Midstream

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.