Commerce Bank Boosts Stake in Antero Midstream Co. (NYSE:AM)

Commerce Bank increased its position in Antero Midstream Co. (NYSE:AM) by 12.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,434 shares of the pipeline company’s stock after purchasing an additional 1,650 shares during the period. Commerce Bank’s holdings in Antero Midstream were worth $232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AM. Ashton Thomas Securities LLC purchased a new stake in shares of Antero Midstream in the 3rd quarter valued at about $38,000. Blue Trust Inc. lifted its holdings in shares of 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. City State Bank purchased a new stake in Antero Midstream during the 2nd quarter valued at approximately $51,000. First Horizon Advisors Inc. raised its stake in Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 688 shares during the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in Antero Midstream during the 2nd quarter valued at approximately $55,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on AM. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley increased their target price on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream Stock Performance

AM opened at $15.77 on Thursday. The stock has a market cap of $7.59 billion, a P/E ratio of 19.62 and a beta of 2.35. 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 stock’s 50 day simple moving average is $15.22 and its 200 day simple moving average is $14.78. Antero Midstream Co. has a 1-year low of $11.58 and a 1-year high of $15.90.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is currently 111.11%.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the 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 sale, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. This represents 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 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.