Antero Midstream Co. (NYSE:AM) Shares Purchased by Commerce Bank

Commerce Bank raised its stake in shares of Antero Midstream Co. (NYSE:AM) by 12.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,434 shares of the pipeline company’s stock after buying an additional 1,650 shares during the quarter. Commerce Bank’s holdings in Antero Midstream were worth $232,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Antero Midstream during the 3rd quarter worth $38,000. Blue Trust Inc. lifted its stake in shares of Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 1,857 shares during the period. City State Bank purchased a new position in shares of Antero Midstream during the 2nd quarter worth $51,000. First Horizon Advisors Inc. lifted its stake in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Antero Midstream in the 2nd quarter worth $55,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Down 0.7 %

Shares of AM opened at $15.77 on Thursday. 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 firm has a market capitalization of $7.59 billion, a P/E ratio of 19.62 and a beta of 2.35. The stock’s fifty day simple moving average is $15.22 and its 200 day simple moving average is $14.78. Antero Midstream Co. has a twelve month low of $11.58 and a twelve month high of $15.90.

Antero Midstream Dividend Announcement

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

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on AM shares. Morgan Stanley increased their target price on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th.

Antero Midstream 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.