Intech Investment Management LLC Cuts Position in Antero Midstream Co. (NYSE:AM)

Intech Investment Management LLC reduced its stake in shares of Antero Midstream Co. (NYSE:AM) by 31.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,268 shares of the pipeline company’s stock after selling 42,035 shares during the quarter. Intech Investment Management LLC’s holdings in Antero Midstream were worth $1,389,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board lifted its position in Antero Midstream by 35.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 103,391 shares of the pipeline company’s stock valued at $1,556,000 after acquiring an additional 27,013 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Antero Midstream by 10.5% during the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after purchasing an additional 34,222 shares in the last quarter. Commerce Bank lifted its holdings in shares of Antero Midstream by 12.0% during the 3rd quarter. Commerce Bank now owns 15,434 shares of the pipeline company’s stock valued at $232,000 after purchasing an additional 1,650 shares during the last quarter. Pathstone Holdings LLC boosted its position in shares of Antero Midstream by 8.7% in the 3rd quarter. Pathstone Holdings LLC now owns 164,178 shares of the pipeline company’s stock worth $2,471,000 after purchasing an additional 13,176 shares in the last quarter. Finally, Quest Partners LLC grew its stake in Antero Midstream by 18.9% during the 3rd quarter. Quest Partners LLC now owns 134,495 shares of the pipeline company’s stock worth $2,024,000 after buying an additional 21,341 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the 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 sale, the director now 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 transaction 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.

Antero Midstream Price Performance

NYSE AM opened at $15.87 on Wednesday. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 19.59 and a beta of 2.35. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s fifty day moving average price is $15.20 and its 200 day moving average price is $14.77. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $15.90.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.67%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is 111.11%.

Analyst Ratings Changes

Several brokerages have weighed in on AM. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley increased 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.

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.