Atria Investments Inc Takes $337,000 Position in Antero Midstream Co. (NYSE:AM)

Atria Investments Inc purchased a new stake in shares of Antero Midstream Co. (NYSE:AM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 22,414 shares of the pipeline company’s stock, valued at approximately $337,000.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of 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 buying an additional 1,857 shares during the last quarter. City State Bank purchased a new position in shares of Antero Midstream in the second quarter worth approximately $51,000. First Horizon Advisors Inc. boosted its holdings in shares of Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after buying an additional 688 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Antero Midstream in the second quarter worth approximately $55,000. Finally, CWM LLC boosted its holdings in shares of Antero Midstream by 10.5% in the third quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after buying an additional 768 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

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

Antero Midstream Price Performance

NYSE AM opened at $15.77 on Friday. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $15.90. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 19.46 and a beta of 2.35. The company’s 50 day moving average is $15.18 and its two-hundred day moving average is $14.75. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders 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 5.71%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s payout ratio is 111.11%.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction that occurred 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 sale, the director now owns 74,100 shares in the company, valued at $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is owned by company 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.