Allspring Global Investments Holdings LLC Sells 7,181 Shares of Antero Midstream Co. (NYSE:AM)

Allspring Global Investments Holdings LLC trimmed its position in Antero Midstream Co. (NYSE:AM) by 74.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,402 shares of the pipeline company’s stock after selling 7,181 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Antero Midstream were worth $36,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. lifted its stake in Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after acquiring an additional 1,857 shares during the period. City State Bank bought a new position in shares of Antero Midstream during the 2nd quarter valued at approximately $51,000. First Horizon Advisors Inc. lifted its holdings 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 worth $52,000 after purchasing an additional 688 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Antero Midstream during the 2nd quarter worth approximately $55,000. Finally, Covestor Ltd increased its position in shares of Antero Midstream by 433.9% during the 1st quarter. Covestor Ltd now owns 5,830 shares of the pipeline company’s stock valued at $82,000 after purchasing an additional 4,738 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the transaction, the insider now owns 130,349 shares in the company, valued at $1,901,791.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AM shares. Morgan Stanley increased their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Antero Midstream Stock Up 1.2 %

Shares of AM opened at $14.61 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $15.87. The stock’s 50 day moving average is $14.96 and its two-hundred day moving average is $14.63. The firm has a market cap of $7.03 billion, a P/E ratio of 18.04 and a beta of 2.35.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.16%. The ex-dividend date is Wednesday, October 23rd. Antero Midstream’s 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.