Pathstone Holdings LLC Grows Stock Holdings in Antero Midstream Co. (NYSE:AM)

Pathstone Holdings LLC raised its stake in shares of Antero Midstream Co. (NYSE:AM) by 8.7% in the 3rd quarter, Holdings Channel reports. The fund owned 164,178 shares of the pipeline company’s stock after acquiring an additional 13,176 shares during the quarter. Pathstone Holdings LLC’s holdings in Antero Midstream were worth $2,471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AM. Millennium Management LLC increased its holdings in shares of 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 purchasing an additional 1,413,606 shares during the period. Westwood Holdings Group Inc. raised its position in Antero Midstream by 46.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock worth $44,632,000 after buying an additional 1,008,515 shares during the last quarter. SIR Capital Management L.P. acquired a new stake in shares of Antero Midstream in the 2nd quarter worth $8,251,000. SG Americas Securities LLC lifted its stake in shares of Antero Midstream by 1,141.2% in the 3rd quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock worth $7,085,000 after acquiring an additional 432,817 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Antero Midstream by 74.5% in the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after acquiring an additional 293,238 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now directly owns 74,100 shares in the company, valued at $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AM shares. Morgan Stanley raised their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, August 27th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Antero Midstream Trading Down 0.6 %

Shares of AM stock opened at $15.68 on Tuesday. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $15.90. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The business has a fifty day simple moving average of $15.20 and a 200-day simple moving average of $14.77. The stock has a market cap of $7.55 billion, a P/E ratio of 19.36 and a beta of 2.35.

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 given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is currently 111.11%.

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.