Hennion & Walsh Asset Management Inc. Has $2.98 Million Stake in Antero Midstream Co. (NYSE:AM)

Hennion & Walsh Asset Management Inc. raised its position in Antero Midstream Co. (NYSE:AM) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 197,255 shares of the pipeline company’s stock after acquiring an additional 12,571 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Antero Midstream were worth $2,977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in shares of Antero Midstream by 10.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after acquiring an additional 34,222 shares during the last quarter. Van ECK Associates Corp boosted its position in Antero Midstream by 98.6% during the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after purchasing an additional 86,001 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Antero Midstream by 12.0% in the third 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 during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock valued at $49,516,000 after purchasing an additional 184,911 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its position in shares of Antero Midstream by 23.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock valued at $6,738,000 after purchasing an additional 85,416 shares during the period. Institutional investors own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

AM has been the subject of several research analyst reports. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a report on Wednesday, December 18th.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction 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 completion of the transaction, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

Antero Midstream Stock Up 1.0 %

AM opened at $16.33 on Friday. The stock has a fifty day moving average of $15.38 and a 200-day moving average of $14.97. The company has a market capitalization of $7.86 billion, a P/E ratio of 20.15 and a beta of 2.34. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $16.38. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.51%. The ex-dividend date is Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

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.