Atria Investments Inc Takes Position in Antero Midstream Co. (NYSE:AM)

Atria Investments Inc acquired a new stake in Antero Midstream Co. (NYSE:AM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,414 shares of the pipeline company’s stock, valued at approximately $337,000.

Other institutional investors have also modified their holdings of the company. Linden Thomas Advisory Services LLC purchased a new position in shares of Antero Midstream during the second quarter valued at approximately $526,000. Van ECK Associates Corp boosted its holdings in Antero Midstream by 98.6% during the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock valued at $2,564,000 after acquiring an additional 86,001 shares during the period. Cetera Advisors LLC grew its position in Antero Midstream by 608.8% in the 1st quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company’s stock valued at $2,121,000 after acquiring an additional 129,561 shares during the last quarter. Westwood Holdings Group Inc. grew its position in Antero Midstream by 5.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock valued at $49,516,000 after acquiring an additional 184,911 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its stake in Antero Midstream by 23.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock worth $6,738,000 after purchasing an additional 85,416 shares during the period. 53.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AM has been the topic of a number of research analyst reports. Morgan Stanley upped their price target 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 note on Monday, August 5th.

Antero Midstream Trading Down 0.1 %

AM opened at $15.77 on Friday. Antero Midstream Co. has a 52 week low of $11.58 and a 52 week high of $15.90. The company has a market capitalization of $7.59 billion, a P/E ratio of 19.46 and a beta of 2.35. The stock’s fifty day moving average is $15.18 and its two-hundred day moving average is $14.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

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%.

Insider Buying and Selling at Antero Midstream

In related news, 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 value of $146,600.00. Following the completion of the transaction, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

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.