Antero Midstream Co. (NYSE:AM – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $16.09 and last traded at $16.06, with a volume of 763677 shares changing hands. The stock had previously closed at $15.81.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on AM shares. Wells Fargo & Company downgraded Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research report on Wednesday, December 18th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.
Antero Midstream Price Performance
Insider Activity at Antero Midstream
In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the company’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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by company insiders.
Institutional Trading of Antero Midstream
Institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Antero Midstream during the 3rd quarter worth approximately $38,000. Blue Trust Inc. raised its position in shares of Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 1,857 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Antero Midstream during the 3rd quarter worth approximately $48,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Antero Midstream during the 2nd quarter worth approximately $55,000. Finally, GAMMA Investing LLC raised its position in shares of Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after purchasing an additional 1,962 shares during the period. 53.97% of the stock is currently owned by institutional investors and hedge funds.
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.
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