Antero Midstream Co. (NYSE:AM) Shares Purchased by Birch Capital Management LLC

Birch Capital Management LLC grew its stake in shares of Antero Midstream Co. (NYSE:AM) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,482 shares of the pipeline company’s stock after acquiring an additional 655 shares during the period. Birch Capital Management LLC’s holdings in Antero Midstream were worth $566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AM. Stifel Financial Corp grew its position in shares of Antero Midstream by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock valued at $1,256,000 after buying an additional 685 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in Antero Midstream by 6.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock worth $185,000 after buying an additional 705 shares during the last quarter. Wedmont Private Capital lifted its stake in Antero Midstream by 4.7% in the third quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock valued at $264,000 after buying an additional 759 shares during the last quarter. CWM LLC grew its position in shares of Antero Midstream by 10.5% during the third quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after acquiring an additional 768 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Antero Midstream by 21.9% in the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after purchasing an additional 818 shares during the period. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Down 0.1 %

AM traded down $0.01 during trading on Tuesday, reaching $15.49. The company had a trading volume of 1,613,858 shares, compared to its average volume of 1,821,571. The firm’s 50-day simple moving average is $15.21 and its 200 day simple moving average is $14.91. 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 company has a market cap of $7.46 billion, a price-to-earnings ratio of 19.12 and a beta of 2.34. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $16.00.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is 111.11%.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the transaction, the director now owns 74,100 shares in the company, valued at $1,086,306. This represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AM shares. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research note on Wednesday, December 18th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday.

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.