Metis Global Partners LLC Raises Stock Holdings in Antero Midstream Co. (NYSE:AM)

Metis Global Partners LLC lifted its stake in shares of Antero Midstream Co. (NYSE:AM) by 33.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,952 shares of the pipeline company’s stock after acquiring an additional 4,754 shares during the quarter. Metis Global Partners LLC’s holdings in Antero Midstream were worth $285,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Millennium Management LLC boosted its position in shares of Antero Midstream by 314.6% in the second quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock worth $27,459,000 after purchasing an additional 1,413,606 shares during the period. Westwood Holdings Group Inc. increased its stake in Antero Midstream by 46.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock worth $44,632,000 after buying an additional 1,008,515 shares in the last quarter. SIR Capital Management L.P. bought a new stake in Antero Midstream during the second quarter valued at about $8,251,000. SG Americas Securities LLC boosted its stake in shares of Antero Midstream by 1,141.2% in the third quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock worth $7,085,000 after acquiring an additional 432,817 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in shares of Antero Midstream by 74.5% during the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock worth $10,338,000 after purchasing an additional 293,238 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Price Performance

NYSE:AM opened at $15.48 on Tuesday. The business’s 50-day moving average is $15.09 and its 200 day moving average is $14.72. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $15.87. The company has a market capitalization of $7.45 billion, a P/E ratio of 19.11 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.81%. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction dated 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 owns 74,100 shares in the company, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the sale, the insider now owns 130,349 shares in the company, valued at approximately $1,901,791.91. This trade represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AM shares. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley raised their target price 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.

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.