Franklin Resources Inc. Sells 37,402 Shares of Antero Midstream Co. (NYSE:AM)

Franklin Resources Inc. trimmed its position in Antero Midstream Co. (NYSE:AM) by 15.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,473 shares of the pipeline company’s stock after selling 37,402 shares during the period. Franklin Resources Inc.’s holdings in Antero Midstream were worth $3,308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp increased its holdings in shares of Antero Midstream by 0.8% during the third quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock valued at $1,256,000 after acquiring an additional 685 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in Antero Midstream by 6.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock valued at $185,000 after purchasing an additional 705 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Antero Midstream by 4.7% in the third quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock worth $264,000 after buying an additional 759 shares during the last quarter. CWM LLC lifted its stake 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 worth $122,000 after buying an additional 768 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Antero Midstream by 1.0% during the second quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock valued at $1,158,000 after buying an additional 798 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AM shares. Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a research note on Wednesday, December 18th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday, December 19th.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the sale, the director now directly owns 74,100 shares of the company’s stock, valued at approximately $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 at this hyperlink. 0.61% of the stock is owned by corporate insiders.

Antero Midstream Trading Up 1.6 %

NYSE AM opened at $15.30 on Thursday. The company has a fifty day moving average of $15.17 and a 200 day moving average of $14.87. The company has a market capitalization of $7.36 billion, a PE ratio of 18.89 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. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $16.00.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid 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 5.88%. Antero Midstream’s payout ratio is 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.