ING Groep NV Makes New $1.11 Million Investment in Antero Midstream Co. (NYSE:AM)

ING Groep NV purchased a new position in Antero Midstream Co. (NYSE:AM) during the third quarter, Holdings Channel reports. The fund purchased 73,600 shares of the pipeline company’s stock, valued at approximately $1,108,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Clearbridge Investments LLC increased its holdings in shares of Antero Midstream by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 7,282,393 shares of the pipeline company’s stock worth $102,390,000 after buying an additional 84,000 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Antero Midstream by 3.7% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock valued at $82,228,000 after purchasing an additional 199,625 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Antero Midstream by 5.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock valued at $49,516,000 after purchasing an additional 184,911 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Antero Midstream by 314.6% during the 2nd quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock valued at $27,459,000 after purchasing an additional 1,413,606 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Antero Midstream by 30.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,096,055 shares of the pipeline company’s stock valued at $16,156,000 after purchasing an additional 254,398 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the completion of the sale, the insider now directly owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. This represents a 15.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Antero Midstream Price Performance

Shares of Antero Midstream stock opened at $15.25 on Monday. The firm has a market cap of $7.34 billion, a PE ratio of 18.83 and a beta of 2.35. Antero Midstream Co. has a 12-month low of $11.58 and a 12-month high of $15.87. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The company’s fifty day simple moving average is $15.06 and its two-hundred day simple moving average is $14.71.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

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.