Antero Midstream Co. (NYSE:AM) Shares Purchased by Brookfield Corp ON

Brookfield Corp ON lifted its holdings in shares of Antero Midstream Co. (NYSE:AM) by 46.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,767 shares of the pipeline company’s stock after acquiring an additional 13,256 shares during the quarter. Brookfield Corp ON’s holdings in Antero Midstream were worth $629,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of Antero Midstream by 98.6% in the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock valued at $2,564,000 after purchasing an additional 86,001 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Antero Midstream by 10.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after acquiring an additional 34,222 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in Antero Midstream by 5.8% during the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after purchasing an additional 184,911 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in Antero Midstream by 23.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock worth $6,738,000 after purchasing an additional 85,416 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Antero Midstream during the second quarter valued at $559,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. 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 report on Tuesday, August 27th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares in the company, valued at $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 is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

Antero Midstream Stock Down 1.3 %

Shares of Antero Midstream stock opened at $15.32 on Friday. Antero Midstream Co. has a 1-year low of $11.58 and a 1-year high of $16.00. The company has a market capitalization of $7.37 billion, a P/E ratio of 18.91 and a beta of 2.39. The business’s fifty day moving average price is $15.31 and its two-hundred day moving average price is $14.83. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a $0.225 dividend. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.88%. Antero Midstream’s dividend payout ratio is presently 111.11%.

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.