Investors Buy High Volume of Antero Midstream Put Options (NYSE:AM)

Antero Midstream Co. (NYSE:AM) was the target of unusually large options trading activity on Thursday. Stock investors purchased 35,555 put options on the stock. This is an increase of 2,865% compared to the typical volume of 1,199 put options.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AM. Advisors Asset Management Inc. grew its position in shares of Antero Midstream by 10.5% during the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after purchasing an additional 34,222 shares in the last quarter. Van ECK Associates Corp grew its holdings in Antero Midstream by 98.6% during 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 in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Antero Midstream by 5.8% during 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 buying an additional 184,911 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Antero Midstream by 23.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock worth $6,738,000 after buying an additional 85,416 shares in the last quarter. Finally, Quest Partners LLC boosted its position in shares of Antero Midstream by 887.4% during the second quarter. Quest Partners LLC now owns 113,154 shares of the pipeline company’s stock worth $1,668,000 after acquiring an additional 101,694 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on AM shares. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research report on Wednesday. Morgan Stanley boosted their price target on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. Finally, StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday.

Antero Midstream Trading Up 3.3 %

NYSE:AM opened at $15.01 on Friday. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 18.53 and a beta of 2.39. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day moving average price of $15.20 and a 200-day moving average price of $14.85. Antero Midstream has a one year low of $11.58 and a one year high of $16.00.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a dividend of $0.225 per share. 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 6.00%. Antero Midstream’s payout ratio is currently 111.11%.

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.