Integrated Wealth Concepts LLC Cuts Stake in Antero Midstream Co. (NYSE:AM)

Integrated Wealth Concepts LLC lessened its stake in Antero Midstream Co. (NYSE:AM) by 8.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,105 shares of the pipeline company’s stock after selling 1,216 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Antero Midstream were worth $197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Antero Midstream in the 2nd quarter worth $559,000. Envestnet Portfolio Solutions Inc. boosted its stake in Antero Midstream by 15.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 28,026 shares of the pipeline company’s stock valued at $413,000 after buying an additional 3,815 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Antero Midstream by 10.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 157,957 shares of the pipeline company’s stock valued at $2,328,000 after buying an additional 15,564 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after buying an additional 688 shares in the last quarter. Finally, First Citizens Bank & Trust Co. bought a new stake in Antero Midstream in the 2nd quarter worth approximately $239,000. Institutional investors own 53.97% of the company’s stock.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the business’s 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 owns 74,100 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Company insiders own 0.61% of the company’s stock.

Antero Midstream Price Performance

NYSE:AM opened at $15.12 on Friday. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 18.66 and a beta of 2.39. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day simple moving average of $15.27 and a 200-day simple moving average of $14.84. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $16.00.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.95%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is 111.11%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AM shares. Morgan Stanley raised their target price 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. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.