Barclays PLC Has $20.09 Million Position in Antero Midstream Co. (NYSE:AM)

Barclays PLC lessened its holdings in Antero Midstream Co. (NYSE:AM) by 14.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,334,762 shares of the pipeline company’s stock after selling 226,746 shares during the quarter. Barclays PLC’s holdings in Antero Midstream were worth $20,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in Antero Midstream during the 3rd quarter valued at about $38,000. Blue Trust Inc. increased its holdings in shares of Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after buying an additional 1,857 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Antero Midstream in the third quarter valued at approximately $48,000. First Horizon Advisors Inc. raised its stake in shares of Antero Midstream by 24.2% in the second 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 acquired a new position in shares of Antero Midstream in the 2nd quarter worth approximately $55,000. Institutional investors own 53.97% of the company’s stock.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Antero Midstream Stock Up 0.3 %

NYSE:AM opened at $15.11 on Friday. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 18.65 and a beta of 2.39. 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’s fifty day moving average price is $15.27 and its two-hundred day moving average price is $14.85. Antero Midstream Co. has a 52-week low of $11.58 and a 52-week high of $16.00.

Antero Midstream Announces Dividend

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 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is 111.11%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AM. Morgan Stanley lifted their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, August 27th. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Wednesday.

Antero Midstream 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.