International Assets Investment Management LLC Sells 2,414 Shares of Antero Midstream Co. (NYSE:AM)

International Assets Investment Management LLC reduced its stake in shares of Antero Midstream Co. (NYSE:AM) by 17.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,799 shares of the pipeline company’s stock after selling 2,414 shares during the period. International Assets Investment Management LLC’s holdings in Antero Midstream were worth $1,780,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Millennium Management LLC grew its holdings in Antero Midstream by 314.6% during the second quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock worth $27,459,000 after buying an additional 1,413,606 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Antero Midstream by 46.6% in the first quarter. Westwood Holdings Group Inc. now owns 3,174,399 shares of the pipeline company’s stock valued at $44,632,000 after purchasing an additional 1,008,515 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its position in shares of Antero Midstream by 30.7% during the first quarter. Kayne Anderson Capital Advisors LP now owns 2,959,243 shares of the pipeline company’s stock valued at $41,607,000 after purchasing an additional 694,243 shares in the last quarter. SIR Capital Management L.P. purchased a new position in Antero Midstream during the second quarter worth about $8,251,000. Finally, SG Americas Securities LLC grew its position in Antero Midstream by 1,141.2% in the 3rd quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock worth $7,085,000 after purchasing an additional 432,817 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the transaction, the insider now owns 130,349 shares of the company’s stock, valued at $1,901,791.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.61% of the company’s stock.

Antero Midstream Stock Up 0.1 %

Antero Midstream stock opened at $14.38 on Monday. The firm has a 50 day moving average price of $14.96 and a 200-day moving average price of $14.62. The company has a quick ratio of 0.89, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a twelve month low of $11.58 and a twelve month high of $15.87. The company has a market capitalization of $6.92 billion, a P/E ratio of 17.75 and a beta of 2.35.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend is Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AM shares. Morgan Stanley upped their target price on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th.

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.