Captrust Financial Advisors Reduces Position in Antero Midstream Co. (NYSE:AM)

Captrust Financial Advisors cut its stake in shares of Antero Midstream Co. (NYSE:AM) by 6.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,826 shares of the pipeline company’s stock after selling 2,329 shares during the quarter. Captrust Financial Advisors’ holdings in Antero Midstream were worth $494,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Antero Midstream during the 3rd quarter worth about $38,000. Blue Trust Inc. increased its holdings in Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,857 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Antero Midstream in the 3rd quarter valued at approximately $48,000. First Horizon Advisors Inc. increased its holdings in Antero Midstream by 24.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after purchasing an additional 688 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Antero Midstream in the second quarter worth $55,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Price Performance

AM opened at $15.06 on Friday. The company has a fifty day simple moving average of $15.29 and a 200 day simple moving average of $14.84. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 18.59 and a beta of 2.40. Antero Midstream Co. has a twelve month low of $11.58 and a twelve month high of $16.00. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.98%. Antero Midstream’s payout ratio is currently 111.11%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AM shares. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th.

Insider Transactions 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 shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the transaction, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.61% of the company’s stock.

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.