Exchange Traded Concepts LLC Buys 171,730 Shares of Antero Midstream Co. (NYSE:AM)

Exchange Traded Concepts LLC raised its position in shares of Antero Midstream Co. (NYSE:AM) by 22.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 928,015 shares of the pipeline company’s stock after purchasing an additional 171,730 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.19% of Antero Midstream worth $14,004,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AM. Ashton Thomas Securities LLC bought a new position in Antero Midstream during the third quarter worth $38,000. Financial Management Professionals Inc. grew its holdings in Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after acquiring an additional 1,000 shares during the period. Blue Trust Inc. raised its position in shares of Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after acquiring an additional 1,857 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Antero Midstream in the 3rd quarter valued at about $48,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in Antero Midstream during the second quarter worth approximately $55,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

NYSE AM opened at $16.55 on Friday. 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 company has a fifty day simple moving average of $15.50 and a 200 day simple moving average of $15.03. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $16.86. The company has a market cap of $7.97 billion, a P/E ratio of 20.43 and a beta of 2.34.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.44%. Antero Midstream’s dividend payout ratio (DPR) is currently 111.11%.

Insiders Place Their Bets

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 stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the transaction, the director now owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

AM has been the topic of a number of research analyst reports. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a report on Wednesday, December 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

About Antero Midstream

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.