Antero Midstream Co. (NYSE:AM) Director Brooks J. Klimley Sells 10,000 Shares of Stock

Antero Midstream Co. (NYSE:AM) Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction on 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 $1,086,306. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Antero Midstream Stock Performance

NYSE:AM opened at $15.19 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $7.31 billion, a PE ratio of 18.75 and a beta of 2.35. Antero Midstream Co. has a twelve month low of $11.58 and a twelve month high of $15.87. The stock’s 50-day simple moving average is $14.97 and its 200 day simple moving average is $14.64.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued 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 of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analysts Forecast Growth

AM has been the topic of several recent analyst reports. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley lifted their price objective 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.

Hedge Funds Weigh In On Antero Midstream

A number of institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC grew its stake in shares of Antero Midstream by 89.2% during the third quarter. Natixis Advisors LLC now owns 95,440 shares of the pipeline company’s stock worth $1,436,000 after buying an additional 44,993 shares during the last quarter. Empowered Funds LLC grew its position in Antero Midstream by 89.1% during the 3rd quarter. Empowered Funds LLC now owns 40,388 shares of the pipeline company’s stock worth $608,000 after acquiring an additional 19,027 shares during the last quarter. ING Groep NV acquired a new position in Antero Midstream in the 3rd quarter worth about $1,108,000. Metis Global Partners LLC raised its position in Antero Midstream by 33.5% in the third quarter. Metis Global Partners LLC now owns 18,952 shares of the pipeline company’s stock valued at $285,000 after purchasing an additional 4,754 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Antero Midstream by 36.2% during the third quarter. KBC Group NV now owns 13,017 shares of the pipeline company’s stock valued at $196,000 after purchasing an additional 3,460 shares in the last quarter. 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.