Hennion & Walsh Asset Management Inc. Has $2.98 Million Position in Antero Midstream Co. (NYSE:AM)

Hennion & Walsh Asset Management Inc. lifted its position in shares of Antero Midstream Co. (NYSE:AM) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 197,255 shares of the pipeline company’s stock after acquiring an additional 12,571 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Antero Midstream were worth $2,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Wedmont Private Capital lifted its position in shares of Antero Midstream by 38.8% during the 4th quarter. Wedmont Private Capital now owns 23,398 shares of the pipeline company’s stock worth $362,000 after buying an additional 6,536 shares during the last quarter. Birch Capital Management LLC raised its stake in Antero Midstream by 1.8% during the fourth quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock worth $566,000 after acquiring an additional 655 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Antero Midstream in the fourth quarter worth about $451,000. GAMMA Investing LLC boosted its stake in shares of Antero Midstream by 44.5% in the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after purchasing an additional 1,962 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Antero Midstream by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after purchasing an additional 203,967 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Activity

In other Antero Midstream 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 approximately $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Antero Midstream Stock Performance

Antero Midstream stock opened at $16.33 on Friday. The business has a 50 day moving average of $15.38 and a 200-day moving average of $14.97. The company has a market capitalization of $7.86 billion, a P/E ratio of 20.15 and a beta of 2.34. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $16.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.51%. The ex-dividend date is Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is currently 111.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. 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.

About Antero Midstream

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.