Janney Montgomery Scott LLC Sells 15,066 Shares of Antero Midstream Co. (NYSE:AM)

Janney Montgomery Scott LLC decreased its holdings in shares of Antero Midstream Co. (NYSE:AM) by 20.5% in the third quarter, HoldingsChannel reports. The firm owned 58,384 shares of the pipeline company’s stock after selling 15,066 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Antero Midstream were worth $879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AM. Clearbridge Investments LLC raised its holdings in shares of Antero Midstream by 1.2% during the first quarter. Clearbridge Investments LLC now owns 7,282,393 shares of the pipeline company’s stock valued at $102,390,000 after acquiring an additional 84,000 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new position in Antero Midstream in the 2nd quarter worth $526,000. Cetera Advisors LLC lifted its position in shares of Antero Midstream by 608.8% in the 1st quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company’s stock worth $2,121,000 after purchasing an additional 129,561 shares during the period. Westwood Holdings Group Inc. increased its position in shares of Antero Midstream by 5.8% during the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock valued at $49,516,000 after buying an additional 184,911 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its position in shares of Antero Midstream by 23.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock valued at $6,738,000 after buying an additional 85,416 shares during the period. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on AM. Morgan Stanley raised their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th.

Antero Midstream Stock Up 1.1 %

NYSE:AM opened at $15.25 on Friday. Antero Midstream Co. has a 1-year low of $11.58 and a 1-year high of $15.87. The company has a market capitalization of $7.34 billion, a PE ratio of 18.83 and a beta of 2.35. The firm’s 50-day moving average price is $15.06 and its 200-day moving average price is $14.70. 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 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 paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is 111.11%.

Insider Activity

In other news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction 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 directly owns 74,100 shares in the company, valued at $1,086,306. This trade 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. Also, insider Sheri Pearce sold 23,518 shares of Antero Midstream stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the transaction, the insider now directly owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. This represents a 15.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

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.