Brooklyn Investment Group Acquires New Shares in Antero Midstream Co. (NYSE:AM)

Brooklyn Investment Group acquired a new stake in shares of Antero Midstream Co. (NYSE:AM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,220 shares of the pipeline company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 688 shares in the last quarter. Wedmont Private Capital raised its stake in Antero Midstream by 4.7% during the 3rd quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock valued at $264,000 after acquiring an additional 759 shares in the last quarter. CWM LLC raised its stake in Antero Midstream by 10.5% during the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock valued at $122,000 after acquiring an additional 768 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in Antero Midstream by 1.0% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock valued at $1,158,000 after acquiring an additional 798 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in Antero Midstream by 21.9% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after acquiring an additional 818 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on AM. Morgan Stanley lifted their target price on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday.

Antero Midstream Stock Up 1.4 %

AM opened at $15.97 on Friday. Antero Midstream Co. has a one year low of $11.58 and a one year high of $16.00. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day moving average is $15.25 and its 200-day moving average is $14.79. The company has a market capitalization of $7.69 billion, a PE ratio of 19.72 and a beta of 2.35.

Antero Midstream Announces Dividend

The company also recently disclosed 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 5.64%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is presently 111.11%.

Insider Transactions 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 stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the sale, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.61% of the company’s stock.

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.