Janney Montgomery Scott LLC Reduces Stake in Antero Midstream Co. (NYSE:AM)

Janney Montgomery Scott LLC lessened its holdings in shares of Antero Midstream Co. (NYSE:AM) by 20.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,384 shares of the pipeline company’s stock after selling 15,066 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Antero Midstream were worth $879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AM. Allspring Global Investments Holdings LLC lifted its stake in Antero Midstream by 360.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 1,753 shares in the last quarter. Blue Trust Inc. raised its position 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 in the last quarter. City State Bank bought a new stake in Antero Midstream during the second quarter valued at $51,000. First Horizon Advisors Inc. grew its position in Antero Midstream by 24.2% during 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 in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in Antero Midstream during the second quarter worth about $55,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 1.1 %

NYSE AM opened at $15.25 on Friday. The stock’s 50-day simple moving average is $15.06 and its two-hundred day simple moving average is $14.70. Antero Midstream Co. has a twelve month low of $11.58 and a twelve month high of $15.87. 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 company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 18.83 and a beta of 2.35.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is currently 111.11%.

Insiders Place Their Bets

In other 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 transaction, the director now directly owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sheri Pearce sold 23,518 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the sale, the insider now directly owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. This trade represents a 15.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.