Geode Capital Management LLC Has $91.55 Million Holdings in Antero Midstream Co. (NYSE:AM)

Geode Capital Management LLC grew its holdings in Antero Midstream Co. (NYSE:AM) by 4.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,081,501 shares of the pipeline company’s stock after acquiring an additional 251,987 shares during the period. Geode Capital Management LLC’s holdings in Antero Midstream were worth $91,549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AM. Advisors Asset Management Inc. grew its position 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 valued at $5,402,000 after purchasing an additional 34,222 shares during the last quarter. Van ECK Associates Corp grew its stake 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 valued at $2,564,000 after acquiring an additional 86,001 shares in the last quarter. Westwood Holdings Group Inc. increased its position in 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 worth $49,516,000 after acquiring an additional 184,911 shares during the period. Susquehanna Fundamental Investments LLC raised its stake in Antero Midstream by 23.0% in the 2nd 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 in the last quarter. Finally, Quest Partners LLC boosted its holdings in Antero Midstream by 887.4% in the 2nd quarter. Quest Partners LLC now owns 113,154 shares of the pipeline company’s stock valued at $1,668,000 after purchasing an additional 101,694 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AM. Wells Fargo & Company cut shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a report on Wednesday. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Morgan Stanley lifted their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Price Performance

AM stock opened at $14.53 on Friday. The company’s 50-day moving average price is $15.20 and its two-hundred day moving average price is $14.85. The firm has a market cap of $6.99 billion, a P/E ratio of 17.94 and a beta of 2.39. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $16.00.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 6.19%. Antero Midstream’s dividend payout ratio is currently 111.11%.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream 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 transaction, the director now owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

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.