Antero Midstream Target of Unusually High Options Trading (NYSE:AM)

Antero Midstream Co. (NYSE:AM) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 31,777 put options on the stock. This is an increase of approximately 1,181% compared to the typical volume of 2,480 put options.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream 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 approximately $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Antero Midstream

Several institutional investors have recently modified their holdings of AM. Leo Wealth LLC acquired a new position in Antero Midstream during the fourth quarter worth about $194,000. Stratos Wealth Partners LTD. boosted its position in Antero Midstream by 100.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 29,359 shares of the pipeline company’s stock worth $443,000 after acquiring an additional 14,728 shares during the last quarter. Longboard Asset Management LP acquired a new position in Antero Midstream during the fourth quarter worth about $240,000. Columbus Macro LLC acquired a new position in Antero Midstream during the fourth quarter worth about $6,977,000. Finally, Jennison Associates LLC boosted its position in Antero Midstream by 128.0% during the fourth quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company’s stock worth $15,566,000 after acquiring an additional 579,191 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AM. Wells Fargo & Company cut shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a report on Wednesday, December 18th. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Antero Midstream Price Performance

Shares of NYSE AM traded down $0.16 during trading on Tuesday, hitting $15.49. The company had a trading volume of 716,937 shares, compared to its average volume of 2,318,901. The stock has a fifty day simple moving average of $15.53 and a two-hundred day simple moving average of $15.06. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week high of $16.86. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 19.09 and a beta of 2.34. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be given a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.81%. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

Antero Midstream Company 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.