Alps Advisors Inc. Has $19.28 Million Stock Holdings in Antero Midstream Corporation $AM

Alps Advisors Inc. trimmed its holdings in shares of Antero Midstream Corporation (NYSE:AM) by 12.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 991,962 shares of the pipeline company’s stock after selling 137,338 shares during the quarter. Alps Advisors Inc. owned 0.21% of Antero Midstream worth $19,284,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in 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 purchasing an additional 1,430,138 shares during the period. Norges Bank bought a new stake in shares of Antero Midstream in the 2nd quarter valued at about $80,504,000. Goldman Sachs Group Inc. increased its stake in shares of Antero Midstream by 56.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock valued at $69,739,000 after buying an additional 1,400,368 shares during the period. Boston Trust Walden Corp raised its position in shares of Antero Midstream by 5.5% during the third quarter. Boston Trust Walden Corp now owns 3,738,016 shares of the pipeline company’s stock worth $72,667,000 after acquiring an additional 194,480 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Antero Midstream by 16.5% in the second quarter. American Century Companies Inc. now owns 2,546,698 shares of the pipeline company’s stock worth $48,260,000 after acquiring an additional 361,272 shares during the period. Institutional investors own 53.97% of the company’s stock.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total transaction of $87,950.00. Following the transaction, the director owned 72,622 shares of the company’s stock, valued at $1,277,420.98. This represents a 6.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.86% of the company’s stock.

Antero Midstream Stock Performance

NYSE:AM opened at $19.18 on Monday. The company has a fifty day moving average of $18.10 and a 200-day moving average of $18.12. The firm has a market capitalization of $9.13 billion, a P/E ratio of 19.57 and a beta of 0.81. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.46. Antero Midstream Corporation has a twelve month low of $15.07 and a twelve month high of $19.82.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th will be issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, January 28th. This represents a $0.90 annualized dividend and a dividend yield of 4.7%. Antero Midstream’s dividend payout ratio is currently 91.84%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. 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. Zacks Research cut shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wall Street Zen downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Morgan Stanley upped their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, November 12th. One 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.17.

About Antero Midstream

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.