Algert Global LLC Grows Position in Antero Midstream Co. (NYSE:AM)

Algert Global LLC raised its position in shares of Antero Midstream Co. (NYSE:AM) by 35.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 347,003 shares of the pipeline company’s stock after purchasing an additional 91,590 shares during the quarter. Algert Global LLC’s holdings in Antero Midstream were worth $5,222,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. increased its position in shares of Antero Midstream by 3.7% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock valued at $82,228,000 after purchasing an additional 199,625 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Antero Midstream by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock worth $57,047,000 after purchasing an additional 22,936 shares during the period. Westwood Holdings Group Inc. grew its holdings in Antero Midstream by 5.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock valued at $49,516,000 after purchasing an additional 184,911 shares during the last quarter. Millennium Management LLC boosted its position in shares of Antero Midstream by 314.6% during the second quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock valued at $27,459,000 after buying an additional 1,413,606 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in shares of Antero Midstream by 30.2% during the second quarter. Los Angeles Capital Management LLC now owns 1,096,055 shares of the pipeline company’s stock valued at $16,156,000 after buying an additional 254,398 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Down 0.1 %

NYSE AM opened at $15.77 on Monday. 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 company’s 50-day simple moving average is $15.18 and its two-hundred day simple moving average is $14.76. Antero Midstream Co. has a one year low of $11.58 and a one year high of $15.90. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 19.47 and a beta of 2.35.

Antero Midstream Announces Dividend

The business also recently disclosed 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 dividend yield of 5.71%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is currently 111.11%.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction 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 in the company, valued at approximately $1,086,306. This represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AM has been the topic of a number of recent analyst reports. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley lifted 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.

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.