Janine J. Mcardle Buys 1,174 Shares of Antero Midstream Co. (NYSE:AM) Stock

Antero Midstream Co. (NYSE:AM) Director Janine J. Mcardle acquired 1,174 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $15.11 per share, for a total transaction of $17,739.14. Following the acquisition, the director now directly owns 68,320 shares of the company’s stock, valued at $1,032,315.20. This trade represents a 1.75 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Antero Midstream Stock Down 0.7 %

AM stock opened at $14.78 on Wednesday. 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 company’s 50 day simple moving average is $15.24 and its 200-day simple moving average is $14.85. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $16.00. The firm has a market capitalization of $7.11 billion, a PE ratio of 18.25 and a beta of 2.39.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders 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%.

Analyst Ratings Changes

AM has been the topic of a number of research analyst reports. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Morgan Stanley upped their target price on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th.

Institutional Trading of Antero Midstream

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in Antero Midstream in the 3rd quarter valued at about $38,000. Blue Trust Inc. grew 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 acquired a new position in shares of Antero Midstream in the third quarter valued at approximately $48,000. First Horizon Advisors Inc. lifted its stake in shares of Antero Midstream by 24.2% during the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after buying an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in Antero Midstream during the second quarter worth approximately $55,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

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.