Antero Midstream Co. (NYSE:AM) Director Brooks J. Klimley Sells 10,000 Shares

Antero Midstream Co. (NYSE:AM) Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were 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 $1,086,306. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Antero Midstream Stock Performance

Shares of Antero Midstream stock traded up $0.58 on Wednesday, hitting $15.19. 3,839,764 shares of the company’s stock were exchanged, compared to its average volume of 2,667,338. 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 stock has a market capitalization of $7.31 billion, a PE ratio of 18.04 and a beta of 2.35. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $15.87. The company has a 50-day simple moving average of $14.96 and a 200-day simple moving average of $14.64.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date is Wednesday, October 23rd. Antero Midstream’s payout ratio is 111.11%.

Wall Street Analyst Weigh In

AM has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Millennium Management LLC increased its stake in Antero Midstream by 314.6% in the 2nd quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock worth $27,459,000 after buying an additional 1,413,606 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Antero Midstream by 46.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock worth $44,632,000 after purchasing an additional 1,008,515 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its holdings in Antero Midstream by 30.7% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 2,959,243 shares of the pipeline company’s stock valued at $41,607,000 after buying an additional 694,243 shares in the last quarter. SIR Capital Management L.P. bought a new stake in shares of Antero Midstream during the second quarter valued at approximately $8,251,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Antero Midstream by 1,141.2% in the third quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock worth $7,085,000 after buying an additional 432,817 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

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.