Antero Midstream Co. (NYSE:AM) Shares Acquired by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC lifted its stake in shares of Antero Midstream Co. (NYSE:AM) by 184.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,683 shares of the pipeline company’s stock after acquiring an additional 126,237 shares during the period. HITE Hedge Asset Management LLC’s holdings in Antero Midstream were worth $2,930,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of Antero Midstream by 314.6% during the second quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock valued at $27,459,000 after purchasing an additional 1,413,606 shares during the period. FMR LLC increased its holdings in Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock valued at $16,446,000 after buying an additional 600,208 shares during the period. SIR Capital Management L.P. acquired a new stake in Antero Midstream during the 2nd quarter worth $8,251,000. SG Americas Securities LLC boosted its holdings in shares of Antero Midstream by 1,141.2% in the third quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock valued at $7,085,000 after acquiring an additional 432,817 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Antero Midstream by 74.5% in the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after purchasing an additional 293,238 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Trading Down 4.0 %

Shares of NYSE:AM opened at $15.33 on Tuesday. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $16.00. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50 day moving average price is $15.28 and its 200-day moving average price is $14.81. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 18.93 and a beta of 2.35.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.87%. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream 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 $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AM shares. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Morgan Stanley upped their target price 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 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.