QRG Capital Management Inc. Acquires 6,550 Shares of Antero Midstream Co. (NYSE:AM)

QRG Capital Management Inc. raised its holdings in shares of Antero Midstream Co. (NYSE:AM) by 2.8% in the third quarter, Holdings Channel reports. The institutional investor owned 238,889 shares of the pipeline company’s stock after acquiring an additional 6,550 shares during the period. QRG Capital Management Inc.’s holdings in Antero Midstream were worth $3,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AM. Illinois Municipal Retirement Fund purchased a new stake in shares of Antero Midstream in the 1st quarter worth $1,506,000. Clearbridge Investments LLC grew its holdings in Antero Midstream by 1.2% during the first quarter. Clearbridge Investments LLC now owns 7,282,393 shares of the pipeline company’s stock valued at $102,390,000 after purchasing an additional 84,000 shares during the period. Linden Thomas Advisory Services LLC purchased a new stake in Antero Midstream in the second quarter worth about $526,000. Cetera Advisors LLC raised its stake in shares of Antero Midstream by 608.8% in the first quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company’s stock worth $2,121,000 after buying an additional 129,561 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Antero Midstream by 26.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 537,289 shares of the pipeline company’s stock valued at $7,554,000 after buying an additional 110,982 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Brooks J. Klimley sold 10,000 shares of the 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 completion of the transaction, the director now directly owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sheri Pearce sold 23,518 shares of Antero Midstream stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the sale, the insider now directly owns 130,349 shares in the company, valued at approximately $1,901,791.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Antero Midstream Stock Performance

NYSE:AM opened at $15.19 on Thursday. The stock has a 50-day moving average price of $14.96 and a 200 day moving average price of $14.64. 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 $15.87. The stock has a market capitalization of $7.31 billion, a P/E ratio of 18.04 and a beta of 2.35.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.92%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is currently 111.11%.

Wall Street Analysts Forecast Growth

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

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.