Natixis Advisors LLC Boosts Stake in Antero Midstream Co. (NYSE:AM)

Natixis Advisors LLC raised its stake in shares of Antero Midstream Co. (NYSE:AM) by 89.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 95,440 shares of the pipeline company’s stock after buying an additional 44,993 shares during the period. Natixis Advisors LLC’s holdings in Antero Midstream were worth $1,436,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Tortoise Capital Advisors L.L.C. lifted its position in Antero Midstream by 3.7% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock valued at $82,228,000 after buying an additional 199,625 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Antero Midstream by 5.8% in the 2nd 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 period. Millennium Management LLC lifted its holdings in shares of Antero Midstream by 314.6% during the 2nd quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock valued at $27,459,000 after acquiring an additional 1,413,606 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in Antero Midstream by 30.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,096,055 shares of the pipeline company’s stock worth $16,156,000 after purchasing an additional 254,398 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in Antero Midstream by 74.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after purchasing an additional 293,238 shares in the last quarter. Hedge funds and other 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 10,000 shares of the company’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 completion of the sale, the director now owns 74,100 shares in the company, valued at $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by company insiders.

Antero Midstream Price Performance

Shares of NYSE AM opened at $15.87 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 19.59 and a beta of 2.35. Antero Midstream Co. has a twelve month low of $11.58 and a twelve month high of $15.90. The business has a 50 day simple moving average of $15.20 and a 200-day simple moving average of $14.77.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 5.67%. Antero Midstream’s dividend payout ratio is presently 111.11%.

Wall Street Analyst Weigh In

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

Antero Midstream Company 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.