Swiss National Bank Has $10.60 Million Stock Position in Antero Midstream Co. (NYSE:AM)

Swiss National Bank lessened its position in Antero Midstream Co. (NYSE:AM) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 704,500 shares of the pipeline company’s stock after selling 4,500 shares during the quarter. Swiss National Bank’s holdings in Antero Midstream were worth $10,603,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC acquired a new stake in shares of Antero Midstream during the second quarter worth approximately $526,000. Van ECK Associates Corp boosted its stake in shares of Antero Midstream by 98.6% during the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock valued at $2,564,000 after buying an additional 86,001 shares during the period. Cetera Advisors LLC grew its holdings in shares of Antero Midstream by 608.8% during the 1st quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company’s stock valued at $2,121,000 after acquiring an additional 129,561 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Antero Midstream by 5.8% in the second 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 during the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its holdings 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 worth $6,738,000 after acquiring an additional 85,416 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Activity

In other 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 sale, the director now directly owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AM. Morgan Stanley boosted their target price on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Antero Midstream Trading Down 0.1 %

Shares of NYSE:AM opened at $15.77 on Monday. 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 stock has a market capitalization of $7.59 billion, a PE ratio of 19.47 and a beta of 2.35. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $15.90. The firm has a fifty day moving average price of $15.18 and a 200 day moving average price of $14.76.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders 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 5.71%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is 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.