Sigma Planning Corp Has $464,000 Stake in Antero Midstream Co. (NYSE:AM)

Sigma Planning Corp cut its stake in shares of Antero Midstream Co. (NYSE:AM) by 27.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 30,802 shares of the pipeline company’s stock after selling 11,683 shares during the period. Sigma Planning Corp’s holdings in Antero Midstream were worth $464,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in shares of Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after buying an additional 688 shares in the last quarter. Wedmont Private Capital raised its position in Antero Midstream by 4.7% during the third quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock valued at $264,000 after purchasing an additional 759 shares in the last quarter. CWM LLC lifted its stake in Antero Midstream by 10.5% during the third quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after purchasing an additional 768 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Antero Midstream by 1.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock worth $1,158,000 after purchasing an additional 798 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its position in shares of Antero Midstream by 21.9% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after purchasing an additional 818 shares during the last quarter. 53.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AM has been the subject of several research reports. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley boosted their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream Price Performance

AM opened at $15.25 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $15.87. The stock’s 50 day simple moving average is $15.06 and its 200 day simple moving average is $14.70. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 18.83 and a beta of 2.35.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s payout ratio is 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 transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the completion of the sale, the insider now owns 130,349 shares of the company’s stock, valued at $1,901,791.91. This trade represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

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.