Empowered Funds LLC Buys 19,027 Shares of Antero Midstream Co. (NYSE:AM)

Empowered Funds LLC boosted its position in shares of Antero Midstream Co. (NYSE:AM) by 89.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,388 shares of the pipeline company’s stock after buying an additional 19,027 shares during the quarter. Empowered Funds LLC’s holdings in Antero Midstream were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Tortoise Capital Advisors L.L.C. lifted its stake in Antero Midstream by 3.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock worth $82,228,000 after purchasing an additional 199,625 shares during the last quarter. Westwood Holdings Group Inc. raised 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 worth $49,516,000 after buying an additional 184,911 shares during the period. Millennium Management LLC lifted its stake in shares of Antero Midstream by 314.6% during the 2nd quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock worth $27,459,000 after acquiring an additional 1,413,606 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in Antero Midstream by 30.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,096,055 shares of the pipeline company’s stock valued at $16,156,000 after acquiring an additional 254,398 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in Antero Midstream by 74.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after acquiring an additional 293,238 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

AM opened at $15.77 on Friday. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 19.47 and a beta of 2.35. 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 12-month low of $11.58 and a 12-month high of $15.90. The business’s fifty day simple moving average is $15.18 and its 200-day simple moving average is $14.76.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s payout ratio is 111.11%.

Wall Street Analysts Forecast Growth

AM has been the topic of several recent analyst reports. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley lifted their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

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.