State Street Corp Raises Stock Holdings in Antero Midstream Co. (NYSE:AM)

State Street Corp increased its holdings in shares of Antero Midstream Co. (NYSE:AM) by 1.5% during the third quarter, Holdings Channel.com reports. The fund owned 11,086,787 shares of the pipeline company’s stock after buying an additional 160,593 shares during the period. State Street Corp’s holdings in Antero Midstream were worth $166,856,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Advisors Asset Management Inc. boosted its holdings in Antero Midstream by 10.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after buying an additional 34,222 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Antero Midstream by 98.6% in the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after buying an additional 86,001 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in 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. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Antero Midstream by 23.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock worth $6,738,000 after purchasing an additional 85,416 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Antero Midstream during the 2nd quarter worth approximately $559,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley lifted their price target 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 Stock Up 0.4 %

AM stock opened at $15.12 on Friday. The firm has a market cap of $7.28 billion, a PE ratio of 18.66 and a beta of 2.39. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50 day moving average price is $15.27 and its 200-day moving average price is $14.84. Antero Midstream Co. has a one year low of $11.58 and a one year high of $16.00.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is 111.11%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the business’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 value of $146,600.00. Following the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by corporate 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.