Coldstream Capital Management Inc. Boosts Holdings in Antero Midstream Co. (NYSE:AM)

Coldstream Capital Management Inc. raised its stake in Antero Midstream Co. (NYSE:AM) by 6.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,263 shares of the pipeline company’s stock after acquiring an additional 705 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Antero Midstream were worth $185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AM. SG Americas Securities LLC bought a new position in shares of Antero Midstream during the 2nd quarter worth $559,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of Antero Midstream by 15.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 28,026 shares of the pipeline company’s stock worth $413,000 after purchasing an additional 3,815 shares in the last quarter. First Horizon Advisors Inc. raised its position 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 purchasing an additional 688 shares during the period. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Antero Midstream during the 2nd quarter valued at approximately $149,000. Finally, All Season Financial Advisors Inc. boosted its holdings in Antero Midstream by 36.8% in the 2nd quarter. All Season Financial Advisors Inc. now owns 41,677 shares of the pipeline company’s stock worth $614,000 after buying an additional 11,216 shares during the period. 53.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the transaction, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AM shares. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley increased their price objective on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Stock Down 0.7 %

Shares of NYSE:AM opened at $14.78 on Wednesday. The firm has a fifty day moving average price of $15.24 and a two-hundred day moving average price of $14.85. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 18.25 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 one year low of $11.58 and a one year high of $16.00.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.09%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is 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.