Wealth Enhancement Advisory Services LLC Has $328,000 Stock Holdings in Antero Midstream Co. (NYSE:AM)

Wealth Enhancement Advisory Services LLC grew its stake in Antero Midstream Co. (NYSE:AM) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,774 shares of the pipeline company’s stock after buying an additional 1,249 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Antero Midstream were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AM. First Horizon Advisors Inc. increased its holdings in Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 688 shares in the last quarter. Wedmont Private Capital increased its holdings in Antero Midstream by 4.7% in the third quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock worth $264,000 after purchasing an additional 759 shares in the last quarter. CWM LLC increased its holdings in Antero Midstream by 10.5% in the third quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after purchasing an additional 768 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Antero Midstream by 1.0% in the second quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock worth $1,158,000 after purchasing an additional 798 shares in the last quarter. Finally, Pitcairn Co. increased its holdings in Antero Midstream by 7.2% in the first quarter. Pitcairn Co. now owns 18,784 shares of the pipeline company’s stock worth $264,000 after purchasing an additional 1,259 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.2 %

Shares of Antero Midstream stock opened at $15.36 on Monday. 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. The stock has a 50 day moving average price of $14.99 and a two-hundred day moving average price of $14.67. The stock has a market capitalization of $7.39 billion, a PE ratio of 18.96 and a beta of 2.35.

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 $0.225 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.86%. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Insider Activity at Antero Midstream

In related news, insider Sheri Pearce sold 23,518 shares of Antero Midstream stock in a transaction that occurred 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 0.00 % 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. Also, insider Sheri Pearce sold 23,518 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the transaction, the insider now directly owns 130,349 shares in the company, valued at approximately $1,901,791.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

AM has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research note 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.