Antero Midstream Co. (NYSE:AM) Position Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its stake in shares of Antero Midstream Co. (NYSE:AM) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,298 shares of the pipeline company’s stock after buying an additional 5,231 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Antero Midstream were worth $2,021,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Antero Midstream by 360.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after buying an additional 1,753 shares during the period. Blue Trust Inc. raised its stake in Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after acquiring an additional 1,857 shares in the last quarter. City State Bank acquired a new position in Antero Midstream during the 2nd quarter worth $51,000. First Horizon Advisors Inc. grew its stake in shares of Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 688 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Antero Midstream during the second quarter valued at $55,000. 53.97% of the stock is currently owned by institutional investors.

Insider Activity at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the transaction, the insider now directly owns 130,349 shares in the company, valued at $1,901,791.91. This trade represents a 15.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the director now owns 74,100 shares in the company, valued at $1,086,306. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Antero Midstream Trading Up 1.1 %

Shares of AM stock opened at $15.25 on Friday. 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 stock has a 50-day simple moving average of $15.06 and a 200 day simple moving average of $14.70. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $15.87. The stock has a market capitalization of $7.34 billion, a P/E ratio of 18.83 and a beta of 2.35.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.90%. Antero Midstream’s payout ratio is currently 111.11%.

Analysts Set New Price Targets

Several research firms recently weighed in on AM. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley upped their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th.

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.