Principal Financial Group Inc. Has $11.78 Million Stock Position in Antero Midstream Co. (NYSE:AM)

Principal Financial Group Inc. lessened its position in Antero Midstream Co. (NYSE:AM) by 31.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 782,787 shares of the pipeline company’s stock after selling 356,428 shares during the period. Principal Financial Group Inc. owned approximately 0.16% of Antero Midstream worth $11,781,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of AM. State Street Corp lifted its stake in Antero Midstream by 1.5% during the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock valued at $166,856,000 after acquiring an additional 160,593 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Antero Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock valued at $91,549,000 after purchasing an additional 251,987 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its position in Antero Midstream by 3.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock worth $82,228,000 after purchasing an additional 199,625 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Antero Midstream by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock valued at $57,047,000 after buying an additional 22,936 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Antero Midstream by 5.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after buying an additional 184,911 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Insider Buying and Selling

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 transaction of $146,600.00. Following the completion of the transaction, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. This represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AM. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a research report on Wednesday, December 18th. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday, December 19th.

Antero Midstream Trading Down 0.3 %

Shares of AM stock opened at $15.11 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The firm has a market cap of $7.27 billion, a P/E ratio of 18.65 and a beta of 2.39. The business has a 50-day moving average price of $15.17 and a two-hundred day moving average price of $14.88. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $16.00.

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 issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is presently 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.