JPMorgan Chase & Co. Grows Position in Antero Midstream Co. (NYSE:AM)

JPMorgan Chase & Co. boosted its stake in shares of Antero Midstream Co. (NYSE:AM) by 12.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,906,052 shares of the pipeline company’s stock after acquiring an additional 203,967 shares during the period. JPMorgan Chase & Co.’s holdings in Antero Midstream were worth $28,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Antero Midstream by 1.5% during the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock valued at $166,856,000 after acquiring an additional 160,593 shares during the last quarter. Geode Capital Management LLC lifted its position in Antero Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock valued at $91,549,000 after purchasing an additional 251,987 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Antero Midstream by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock worth $57,047,000 after buying an additional 22,936 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings 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 worth $49,516,000 after buying an additional 184,911 shares during the last quarter. Finally, Millennium Management LLC raised its position 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 buying an additional 1,413,606 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on AM. Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research report on Wednesday, December 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday.

Insider Buying and Selling

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream 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 sale, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

Antero Midstream Price Performance

Antero Midstream stock opened at $15.47 on Wednesday. Antero Midstream Co. has a 12-month low of $11.58 and a 12-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. The firm has a 50-day moving average price of $15.22 and a 200-day moving average price of $14.92. The firm has a market capitalization of $7.45 billion, a PE ratio of 19.10 and a beta of 2.34.

About Antero Midstream

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.