Mutual of America Capital Management LLC Sells 13,559 Shares of Antero Midstream Co. (NYSE:AM)

Mutual of America Capital Management LLC decreased its position in shares of Antero Midstream Co. (NYSE:AM) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,070 shares of the pipeline company’s stock after selling 13,559 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Antero Midstream were worth $2,740,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC increased its stake in shares of Antero Midstream by 89.2% in the 3rd quarter. Natixis Advisors LLC now owns 95,440 shares of the pipeline company’s stock valued at $1,436,000 after purchasing an additional 44,993 shares during the last quarter. Empowered Funds LLC grew its position in Antero Midstream by 89.1% in the third quarter. Empowered Funds LLC now owns 40,388 shares of the pipeline company’s stock valued at $608,000 after acquiring an additional 19,027 shares during the last quarter. ING Groep NV acquired a new position in Antero Midstream during the third quarter worth about $1,108,000. Metis Global Partners LLC lifted its holdings in shares of Antero Midstream by 33.5% in the third quarter. Metis Global Partners LLC now owns 18,952 shares of the pipeline company’s stock worth $285,000 after acquiring an additional 4,754 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Antero Midstream by 36.2% in the 3rd 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.

Insiders Place Their Bets

In related news, 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 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 $1,086,306. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

Antero Midstream Stock Performance

Shares of AM stock opened at $15.77 on Friday. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 19.47 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. The business’s 50-day moving average price is $15.18 and its 200-day moving average price is $14.76. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $15.90.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 5.71%. Antero Midstream’s dividend payout ratio is presently 111.11%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. 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.

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.