Cornercap Investment Counsel Inc. Has $274,000 Position in Antero Midstream Co. (NYSE:AM)

Cornercap Investment Counsel Inc. reduced its position in shares of Antero Midstream Co. (NYSE:AM) by 56.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,201 shares of the pipeline company’s stock after selling 23,514 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Antero Midstream were worth $274,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AM. Millennium Management LLC raised its stake in Antero Midstream by 314.6% during the 2nd quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock valued at $27,459,000 after purchasing an additional 1,413,606 shares during the period. Westwood Holdings Group Inc. grew its holdings in shares of Antero Midstream by 46.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock valued at $44,632,000 after acquiring an additional 1,008,515 shares in the last quarter. SIR Capital Management L.P. purchased a new position in shares of Antero Midstream during the 2nd quarter valued at $8,251,000. SG Americas Securities LLC grew its holdings in shares of Antero Midstream by 1,141.2% during the 3rd quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock valued at $7,085,000 after acquiring an additional 432,817 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Antero Midstream by 74.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after acquiring an additional 293,238 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AM. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley upped their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Stock Up 1.1 %

Shares of AM opened at $15.25 on Monday. The company has a 50-day simple moving average of $15.06 and a 200-day simple moving average of $14.71. The firm has a market capitalization of $7.34 billion, a P/E ratio of 18.83 and a beta of 2.35. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. Antero Midstream Co. has a 52 week low of $11.58 and a 52 week high of $15.87.

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 paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 5.90%. Antero Midstream’s dividend payout ratio is 111.11%.

Insiders Place Their Bets

In related news, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total transaction of $343,127.62. Following the sale, the insider now directly owns 130,349 shares in the company, valued at $1,901,791.91. This trade represents a 15.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. 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.