Antero Midstream Co. (NYSE:AM) Director Buys $17,739.14 in Stock

Antero Midstream Co. (NYSE:AM) Director Janine J. Mcardle bought 1,174 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of $15.11 per share, for a total transaction of $17,739.14. Following the acquisition, the director now directly owns 68,320 shares in the company, valued at $1,032,315.20. This trade represents a 1.75 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Antero Midstream Stock Performance

NYSE:AM opened at $14.22 on Thursday. 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 capitalization of $6.84 billion, a PE ratio of 17.56 and a beta of 2.39. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $16.00. The firm has a 50-day moving average price of $15.21 and a 200 day moving average price of $14.85.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued 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 6.33%. Antero Midstream’s payout ratio is presently 111.11%.

Institutional Investors Weigh In On Antero Midstream

Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Antero Midstream in the second quarter valued at about $559,000. Envestnet Portfolio Solutions Inc. increased its holdings in Antero Midstream by 15.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 28,026 shares of the pipeline company’s stock valued at $413,000 after purchasing an additional 3,815 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Antero Midstream by 10.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 157,957 shares of the pipeline company’s stock valued at $2,328,000 after purchasing an additional 15,564 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 688 shares in the last quarter. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Antero Midstream during the second quarter worth $239,000. Institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on AM shares. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley lifted 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. Finally, Wells Fargo & Company cut shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a research note on Wednesday.

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.