Victory Capital Management Inc. Has $2.04 Million Position in Antero Midstream Co. (NYSE:AM)

Victory Capital Management Inc. boosted its holdings in Antero Midstream Co. (NYSE:AM) by 30.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,230 shares of the pipeline company’s stock after acquiring an additional 31,915 shares during the quarter. Victory Capital Management Inc.’s holdings in Antero Midstream were worth $2,035,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Linden Thomas Advisory Services LLC acquired a new stake in Antero Midstream during the 2nd quarter valued at $526,000. Van ECK Associates Corp boosted its position in Antero Midstream by 98.6% in the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock valued at $2,564,000 after buying an additional 86,001 shares during the last quarter. Cetera Advisors LLC raised its position in shares of Antero Midstream by 608.8% during the first quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company’s stock worth $2,121,000 after acquiring an additional 129,561 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock valued at $49,516,000 after acquiring an additional 184,911 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its stake in Antero Midstream by 23.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock valued at $6,738,000 after acquiring an additional 85,416 shares during the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Down 0.1 %

Antero Midstream stock opened at $15.77 on Monday. The company has a fifty day simple moving average of $15.18 and a 200 day simple moving average of $14.76. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 1-year low of $11.58 and a 1-year high of $15.90. The company has a market cap of $7.59 billion, a P/E ratio of 19.47 and a beta of 2.35.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 5.71%. Antero Midstream’s payout ratio is presently 111.11%.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the transaction, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

AM has been the subject of a number of recent analyst reports. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley upped their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Profile

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.