Antero Midstream Co. (NYSE:AM) Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP cut its stake in Antero Midstream Co. (NYSE:AM) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,984,097 shares of the pipeline company’s stock after selling 34,672 shares during the quarter. Antero Midstream makes up approximately 1.1% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 18th largest position. Kayne Anderson Capital Advisors LP’s holdings in Antero Midstream were worth $44,911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Antero Midstream by 360.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 1,753 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Antero Midstream during the third quarter valued at approximately $38,000. Blue Trust Inc. raised 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 valued at $46,000 after acquiring an additional 1,857 shares during the last quarter. City State Bank purchased a new position in shares of Antero Midstream in the second quarter valued at approximately $51,000. Finally, First Horizon Advisors Inc. boosted 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 worth $52,000 after acquiring an additional 688 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total transaction of $343,127.62. Following the sale, the insider now directly owns 130,349 shares in the company, valued at approximately $1,901,791.91. This represents a 15.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction 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. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Antero Midstream Stock Up 1.1 %

Shares of AM opened at $15.25 on Monday. Antero Midstream Co. has a 52-week low of $11.58 and a 52-week 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 stock has a fifty day simple moving average of $15.06 and a two-hundred day simple moving average of $14.71. The company has a market capitalization of $7.34 billion, a PE ratio of 18.83 and a beta of 2.35.

Antero Midstream Dividend Announcement

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