Janine J. Mcardle Purchases 1,174 Shares of Antero Midstream Co. (NYSE:AM) Stock

Antero Midstream Co. (NYSE:AM) Director Janine J. Mcardle purchased 1,174 shares of the company’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $15.11 per share, for a total transaction of $17,739.14. Following the completion of the transaction, the director now directly owns 68,320 shares of the company’s stock, valued at approximately $1,032,315.20. This represents a 1.75 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Antero Midstream Stock Performance

NYSE:AM traded down $0.23 on Monday, reaching $14.88. 1,498,790 shares of the company’s stock were exchanged, compared to its average volume of 2,663,188. Antero Midstream Co. has a 52 week low of $11.58 and a 52 week high of $16.00. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 18.65 and a beta of 2.39. 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 has a fifty day simple moving average of $15.27 and a 200-day simple moving average of $14.85.

Antero Midstream Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is currently 111.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its holdings in shares of Antero Midstream by 10.5% in 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 during the last quarter. Van ECK Associates Corp grew its holdings in shares of Antero Midstream by 98.6% in the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after purchasing an additional 86,001 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings 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 purchasing an additional 184,911 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in shares of Antero Midstream by 23.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock worth $6,738,000 after purchasing an additional 85,416 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Antero Midstream in the second quarter worth approximately $559,000. 53.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AM has been the topic of a number of analyst reports. Morgan Stanley increased their price objective 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. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th.

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.