Antero Midstream Target of Unusually High Options Trading (NYSE:AM)

Antero Midstream Co. (NYSE:AM) was the target of unusually large options trading activity on Tuesday. Traders acquired 31,777 put options on the company. This is an increase of 1,181% compared to the typical daily volume of 2,480 put options.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction 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. This represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Antero Midstream by 1.5% in the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock valued at $166,856,000 after purchasing an additional 160,593 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock valued at $91,549,000 after purchasing an additional 251,987 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Antero Midstream by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock valued at $57,047,000 after purchasing an additional 22,936 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Antero Midstream by 12.0% in 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 in the last quarter. Finally, Millennium Management LLC lifted its holdings 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 valued at $27,459,000 after purchasing an additional 1,413,606 shares in the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream Price Performance

Antero Midstream stock opened at $15.83 on Wednesday. Antero Midstream has a 52 week low of $11.58 and a 52 week high of $16.86. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The firm’s 50-day simple moving average is $15.54 and its 200 day simple moving average is $15.06. The firm has a market capitalization of $7.62 billion, a PE ratio of 19.54 and a beta of 2.34.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.69%. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AM shares. Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a research report on Wednesday, December 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

Antero Midstream Company 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.