Antero Midstream Co. (NYSE:AM) Shares Purchased by Financial Management Professionals Inc.

Financial Management Professionals Inc. raised its stake in shares of Antero Midstream Co. (NYSE:AM) by 58.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,706 shares of the pipeline company’s stock after buying an additional 1,000 shares during the period. Financial Management Professionals Inc.’s holdings in Antero Midstream were worth $41,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Birch Capital Management LLC lifted its holdings in Antero Midstream by 1.8% in the 4th quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock valued at $566,000 after purchasing an additional 655 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Antero Midstream by 0.8% during the third 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 period. Coldstream Capital Management Inc. boosted its position in Antero Midstream by 6.1% during the third quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock worth $185,000 after acquiring an additional 705 shares during the last quarter. Wedmont Private Capital grew its stake in Antero Midstream by 4.7% in the 3rd quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock worth $264,000 after acquiring an additional 759 shares during the period. Finally, CWM LLC raised its holdings in Antero Midstream by 10.5% in the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock valued at $122,000 after acquiring an additional 768 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AM. Wells Fargo & Company downgraded Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research report on Wednesday, December 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Antero Midstream Price Performance

Shares of Antero Midstream stock opened at $16.49 on Monday. The stock has a market capitalization of $7.94 billion, a P/E ratio of 20.36 and a beta of 2.34. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The business’s fifty day moving average price is $15.40 and its 200 day moving average price is $14.99. Antero Midstream Co. has a twelve month low of $11.58 and a twelve month high of $16.58.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.46%. 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 firm’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 directly owns 74,100 shares of the company’s stock, valued at $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is currently 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.