Intech Investment Management LLC Trims Stake in Antero Midstream Co. (NYSE:AM)

Intech Investment Management LLC lessened its stake in Antero Midstream Co. (NYSE:AM) by 31.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 92,268 shares of the pipeline company’s stock after selling 42,035 shares during the period. Intech Investment Management LLC’s holdings in Antero Midstream were worth $1,389,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tortoise Capital Advisors L.L.C. raised its holdings in Antero Midstream by 3.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock worth $82,228,000 after purchasing an additional 199,625 shares during the period. Westwood Holdings Group Inc. increased its position in shares of Antero Midstream by 5.8% in 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 in the last quarter. Millennium Management LLC raised its stake 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 worth $27,459,000 after buying an additional 1,413,606 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of Antero Midstream by 30.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,096,055 shares of the pipeline company’s stock valued at $16,156,000 after buying an additional 254,398 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in Antero Midstream by 74.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after acquiring an additional 293,238 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 74,100 shares of the company’s stock, 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. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AM. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley upped their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th.

Antero Midstream Stock Up 1.2 %

Shares of AM opened at $15.87 on Wednesday. The stock has a 50 day moving average price of $15.20 and a 200 day moving average price of $14.77. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 19.59 and a beta of 2.35. Antero Midstream Co. has a one year low of $11.58 and a one year high of $15.90.

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 paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is currently 111.11%.

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.