Antero Midstream Co. (NYSE:AM) Director Buys $17,739.14 in Stock

Antero Midstream Co. (NYSE:AM) Director Janine J. Mcardle bought 1,174 shares of Antero Midstream stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $15.11 per share, for a total transaction of $17,739.14. Following the acquisition, the director now directly owns 68,320 shares in the company, valued at approximately $1,032,315.20. This represents a 1.75 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Antero Midstream Stock Down 3.8 %

AM stock opened at $14.22 on Thursday. The company has a market capitalization of $6.84 billion, a P/E ratio of 17.56 and a beta of 2.39. 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 Co. has a twelve month low of $11.58 and a twelve month high of $16.00. The firm has a 50 day simple moving average of $15.21 and a 200-day simple moving average of $14.85.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is currently 111.11%.

Institutional Investors Weigh In On Antero Midstream

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC boosted its position in Antero Midstream by 314.6% during 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 during the period. FMR LLC increased its stake in shares of Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock valued at $16,446,000 after acquiring an additional 600,208 shares during the period. SIR Capital Management L.P. bought a new stake in shares of Antero Midstream in the 2nd quarter worth $8,251,000. SG Americas Securities LLC raised its position in 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 acquiring an additional 432,817 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Antero Midstream by 74.5% during the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after purchasing an additional 293,238 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Company downgraded Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a report on Wednesday. Finally, Morgan Stanley boosted their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th.

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.