Bank of Montreal Can Has $6.24 Million Stake in Antero Midstream Co. (NYSE:AM)

Bank of Montreal Can grew its holdings in shares of Antero Midstream Co. (NYSE:AM) by 40.4% in the third quarter, HoldingsChannel.com reports. The fund owned 415,763 shares of the pipeline company’s stock after acquiring an additional 119,633 shares during the quarter. Bank of Montreal Can’s holdings in Antero Midstream were worth $6,241,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new stake in shares of Antero Midstream in the 3rd quarter valued at about $38,000. Blue Trust Inc. grew its stake in Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after acquiring an additional 1,857 shares during the period. First Horizon Advisors Inc. raised its position in shares of Antero Midstream by 24.2% during 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 during the period. Abich Financial Wealth Management LLC bought a new position in shares of Antero Midstream in the second quarter valued at $55,000. Finally, CWM LLC grew its holdings in shares of Antero Midstream by 10.5% during the third quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock valued at $122,000 after buying an additional 768 shares during the last quarter. 53.97% of the stock is owned by institutional investors.

Antero Midstream Stock Performance

AM stock opened at $15.33 on Tuesday. The business has a 50 day moving average of $15.28 and a 200-day moving average of $14.81. The firm has a market cap of $7.38 billion, a PE ratio of 19.54 and a beta of 2.35. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $16.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.87%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is 111.11%.

Analyst Upgrades and Downgrades

AM has been the subject of a number of analyst reports. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Morgan Stanley lifted their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction 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 owns 74,100 shares in the company, valued at approximately $1,086,306. This represents a 11.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

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.