GenTrust LLC Has $602,000 Position in Antero Midstream Co. (NYSE:AM)

GenTrust LLC grew its holdings in Antero Midstream Co. (NYSE:AM) by 150.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 40,000 shares of the pipeline company’s stock after buying an additional 24,000 shares during the quarter. GenTrust LLC’s holdings in Antero Midstream were worth $602,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AM. Russell Investments Group Ltd. raised its position in Antero Midstream by 108.9% in the 1st quarter. Russell Investments Group Ltd. now owns 29,497 shares of the pipeline company’s stock worth $415,000 after purchasing an additional 15,379 shares during the last quarter. US Bancorp DE raised its position in shares of Antero Midstream by 4.4% during the first quarter. US Bancorp DE now owns 34,127 shares of the pipeline company’s stock worth $480,000 after acquiring an additional 1,446 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Antero Midstream by 4.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 452,187 shares of the pipeline company’s stock valued at $6,358,000 after acquiring an additional 18,416 shares during the period. Pitcairn Co. boosted its holdings in Antero Midstream by 7.2% in the first quarter. Pitcairn Co. now owns 18,784 shares of the pipeline company’s stock valued at $264,000 after acquiring an additional 1,259 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Antero Midstream by 107.4% in the first quarter. Advisors Asset Management Inc. now owns 191,317 shares of the pipeline company’s stock worth $2,690,000 after purchasing an additional 99,070 shares during the period. 53.97% of the stock is owned by institutional investors.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Antero Midstream Stock Down 0.1 %

Shares of Antero Midstream stock opened at $15.77 on Friday. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $15.90. The business has a fifty day simple moving average of $15.18 and a 200 day simple moving average of $14.75. 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 market cap of $7.59 billion, a PE ratio of 19.46 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. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.71%. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Morgan Stanley upped their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research 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.

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.