SG Americas Securities LLC Sells 76,937 Shares of Antero Midstream Co. (NYSE:AM)

SG Americas Securities LLC lessened its holdings in shares of Antero Midstream Co. (NYSE:AM) by 16.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 393,806 shares of the pipeline company’s stock after selling 76,937 shares during the quarter. SG Americas Securities LLC’s holdings in Antero Midstream were worth $5,943,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AM. Ashton Thomas Securities LLC bought a new position in shares of Antero Midstream during the third quarter worth about $38,000. Financial Management Professionals Inc. grew its stake in shares of Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after acquiring an additional 1,000 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Antero Midstream by 149.4% in the third 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. Brooklyn Investment Group bought a new stake in shares of Antero Midstream in the third quarter worth $48,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in Antero Midstream by 21.9% during the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock worth $68,000 after purchasing an additional 818 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

Antero Midstream stock opened at $16.38 on Friday. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 20.23 and a beta of 2.34. The stock’s 50 day moving average is $15.53 and its 200-day moving average is $15.05. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $16.86.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Wednesday, January 29th. Antero Midstream’s payout ratio is 111.11%.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the firm’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 transaction of $146,600.00. Following the transaction, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

AM has been the topic of several analyst reports. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a report on Wednesday, December 18th.

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.