Metis Global Partners LLC Acquires 4,754 Shares of Antero Midstream Co. (NYSE:AM)

Metis Global Partners LLC increased its holdings in Antero Midstream Co. (NYSE:AM) by 33.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. KBC Group NV increased 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. Oppenheimer & Co. Inc. increased its position in Antero Midstream by 74.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after buying an additional 293,238 shares in the last quarter. Victory Capital Management Inc. raised its stake in Antero Midstream by 30.9% during the third quarter. Victory Capital Management Inc. now owns 135,230 shares of the pipeline company’s stock valued at $2,035,000 after buying an additional 31,915 shares during the last quarter. Barnett & Company Inc. boosted its holdings in Antero Midstream by 4.9% in the third quarter. Barnett & Company Inc. now owns 85,700 shares of the pipeline company’s stock worth $1,290,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Antero Midstream in the third quarter worth $217,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

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 report on Monday, August 5th. Morgan Stanley increased their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th.

Insider Activity at Antero Midstream

In other news, insider Sheri Pearce sold 23,518 shares of the 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 transaction, the insider now owns 130,349 shares in the company, valued at $1,901,791.91. This represents a 15.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Antero Midstream Price Performance

NYSE AM opened at $15.48 on Tuesday. Antero Midstream Co. has a one year low of $11.58 and a one year high of $15.87. The stock has a 50-day moving average of $15.09 and a 200 day moving average of $14.72. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of 19.11 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 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 payout ratio is 111.11%.

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.