Antero Midstream Sees Unusually Large Options Volume (NYSE:AM)

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

Antero Midstream Stock Up 1.2 %

AM stock opened at $15.83 on Wednesday. The company has a fifty day moving average price of $15.54 and a 200 day moving average price of $15.06. Antero Midstream has a 12 month low of $11.58 and a 12 month high of $16.86. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 19.54 and a beta of 2.34. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09.

Antero Midstream Announces Dividend

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

Insider Buying and Selling

In other news, 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 completion of the sale, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Antero Midstream

Several institutional investors have recently bought and sold shares of AM. Envestnet Asset Management Inc. increased its stake in Antero Midstream by 4.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 462,726 shares of the pipeline company’s stock valued at $6,821,000 after buying an additional 21,552 shares during the period. Sei Investments Co. increased its stake in Antero Midstream by 278.0% in the 2nd quarter. Sei Investments Co. now owns 74,637 shares of the pipeline company’s stock valued at $1,100,000 after buying an additional 54,892 shares during the period. Bank of Montreal Can increased its stake in Antero Midstream by 34.9% in the 2nd quarter. Bank of Montreal Can now owns 296,130 shares of the pipeline company’s stock valued at $4,423,000 after buying an additional 76,562 shares during the period. Dark Forest Capital Management LP acquired a new position in Antero Midstream in the 2nd quarter valued at $198,000. Finally, Millennium Management LLC increased its stake 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 buying an additional 1,413,606 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.