Antero Midstream Co. (NYSE:AM) Shares Sold by Shah Capital Management

Shah Capital Management lowered its position in shares of Antero Midstream Co. (NYSE:AM) by 0.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 789,397 shares of the pipeline company’s stock after selling 4,741 shares during the period. Antero Midstream makes up about 2.4% of Shah Capital Management’s portfolio, making the stock its 10th largest position. Shah Capital Management’s holdings in Antero Midstream were worth $11,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Citizens Bank & Trust Co. raised its stake in Antero Midstream by 15.3% in the fourth quarter. First Citizens Bank & Trust Co. now owns 20,294 shares of the pipeline company’s stock valued at $306,000 after purchasing an additional 2,689 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Antero Midstream by 22.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 928,015 shares of the pipeline company’s stock valued at $14,004,000 after acquiring an additional 171,730 shares during the last quarter. Atomi Financial Group Inc. grew its position in Antero Midstream by 7.9% in the fourth quarter. Atomi Financial Group Inc. now owns 33,787 shares of the pipeline company’s stock valued at $510,000 after acquiring an additional 2,465 shares during the last quarter. Financial Management Professionals Inc. grew its position in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in Antero Midstream by 6.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 197,255 shares of the pipeline company’s stock valued at $2,977,000 after acquiring an additional 12,571 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction that occurred on 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 approximately $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Antero Midstream Stock Performance

NYSE:AM opened at $16.38 on Monday. The stock’s 50-day moving average is $15.53 and its 200-day moving average is $15.05. Antero Midstream Co. has a 1-year low of $11.58 and a 1-year high of $16.86. The stock has a market cap of $7.89 billion, a P/E ratio of 20.23 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.

Antero Midstream Dividend Announcement

The business also recently announced 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. This represents a $0.90 annualized dividend and a yield of 5.49%. The ex-dividend date is Wednesday, January 29th. Antero Midstream’s payout ratio is presently 111.11%.

Wall Street Analyst Weigh In

AM has been the topic of a number of recent analyst reports. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a research report on Wednesday, December 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

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.