AlphaQuest LLC Has $497,000 Stock Holdings in Antero Midstream Corporation $AM

AlphaQuest LLC lowered its position in shares of Antero Midstream Corporation (NYSE:AM) by 82.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,566 shares of the pipeline company’s stock after selling 122,271 shares during the quarter. AlphaQuest LLC’s holdings in Antero Midstream were worth $497,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AM. Bank of New York Mellon Corp boosted its holdings in shares of Antero Midstream by 22.3% in the third quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock valued at $152,574,000 after buying an additional 1,430,138 shares during the period. US Bancorp DE lifted its position in Antero Midstream by 1.6% in the 2nd quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock valued at $722,000 after acquiring an additional 610 shares in the last quarter. Franklin Resources Inc. boosted its stake in Antero Midstream by 54.3% in the 2nd quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock worth $11,637,000 after purchasing an additional 216,022 shares during the period. Boston Trust Walden Corp increased its holdings in Antero Midstream by 5.5% during the 3rd quarter. Boston Trust Walden Corp now owns 3,738,016 shares of the pipeline company’s stock worth $72,667,000 after purchasing an additional 194,480 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Antero Midstream by 6.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,062,611 shares of the pipeline company’s stock valued at $20,657,000 after purchasing an additional 60,628 shares during the period. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 0.7%

Shares of NYSE:AM opened at $18.89 on Friday. Antero Midstream Corporation has a 12-month low of $15.07 and a 12-month high of $19.82. The business has a 50 day moving average of $18.08 and a 200-day moving average of $18.09. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46. The stock has a market cap of $9.00 billion, a PE ratio of 19.27 and a beta of 0.81.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Wednesday, January 28th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, January 28th. This represents a $0.90 annualized dividend and a yield of 4.8%. Antero Midstream’s dividend payout ratio (DPR) is presently 91.84%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AM shares. Morgan Stanley boosted their target price on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, November 12th. Zacks Research cut shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Monday. Wall Street Zen downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Wells Fargo & Company boosted their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 23rd. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Antero Midstream in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.17.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total transaction of $87,950.00. Following the completion of the sale, the director owned 72,622 shares of the company’s stock, valued at approximately $1,277,420.98. This trade represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

Antero Midstream Company Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.