Cerity Partners LLC Increases Position in Antero Midstream Co. (NYSE:AM)

Cerity Partners LLC increased its stake in shares of Antero Midstream Co. (NYSE:AM) by 26.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,842 shares of the pipeline company’s stock after buying an additional 8,271 shares during the period. Cerity Partners LLC’s holdings in Antero Midstream were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Antero Midstream during the third quarter worth $38,000. Blue Trust Inc. grew its position in Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after acquiring an additional 1,857 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Antero Midstream by 24.2% during the 2nd 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 period. Abich Financial Wealth Management LLC acquired a new stake in shares of Antero Midstream during the second quarter valued at about $55,000. Finally, CWM LLC grew its stake in shares of Antero Midstream by 10.5% during the third quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock valued at $122,000 after acquiring an additional 768 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owns 74,100 shares in the company, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AM shares. Morgan Stanley raised their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Antero Midstream Price Performance

Shares of NYSE AM opened at $15.31 on Friday. The firm’s 50-day simple moving average is $15.31 and its 200 day simple moving average is $14.83. The stock has a market cap of $7.37 billion, a P/E ratio of 18.90 and a beta of 2.39. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $16.00.

Antero Midstream Announces Dividend

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