HighTower Advisors LLC Increases Position in Antero Midstream Co. (NYSE:AM)

HighTower Advisors LLC lifted its position in shares of Antero Midstream Co. (NYSE:AM) by 15.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 50,102 shares of the pipeline company’s stock after purchasing an additional 6,885 shares during the period. HighTower Advisors LLC’s holdings in Antero Midstream were worth $759,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tortoise Capital Advisors L.L.C. raised its holdings in Antero Midstream by 3.7% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock worth $82,228,000 after purchasing an additional 199,625 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Antero Midstream by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock valued at $57,047,000 after buying an additional 22,936 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in Antero Midstream by 5.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after acquiring an additional 184,911 shares in the last quarter. Millennium Management LLC lifted its position in Antero Midstream by 314.6% in the second quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock valued at $27,459,000 after acquiring an additional 1,413,606 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in Antero Midstream by 30.2% in the second quarter. Los Angeles Capital Management LLC now owns 1,096,055 shares of the pipeline company’s stock valued at $16,156,000 after acquiring an additional 254,398 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AM has been the topic of a number of research analyst reports. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Company downgraded Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a research note on Wednesday. Finally, Morgan Stanley boosted their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream Trading Down 3.8 %

Shares of Antero Midstream stock opened at $14.22 on Thursday. 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 $6.84 billion, a P/E ratio of 17.56 and a beta of 2.39. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $16.00. The company’s fifty day moving average is $15.21 and its two-hundred day moving average is $14.85.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is currently 111.11%.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by insiders.

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.