Kovitz Investment Group Partners LLC Takes $358,000 Position in Antero Midstream Co. (NYSE:AM)

Kovitz Investment Group Partners LLC purchased a new position in Antero Midstream Co. (NYSE:AM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,220 shares of the pipeline company’s stock, valued at approximately $358,000.

Other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in Antero Midstream by 10.5% in the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after purchasing an additional 34,222 shares during the last quarter. Van ECK Associates Corp increased its position in Antero Midstream by 98.6% in the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after purchasing an additional 86,001 shares during the last quarter. Westwood Holdings Group Inc. increased its position in Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after purchasing an additional 184,911 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its stake in Antero Midstream by 23.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock worth $6,738,000 after buying an additional 85,416 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Antero Midstream during the second quarter worth $559,000. Institutional investors own 53.97% of the company’s stock.

Analyst Upgrades and Downgrades

AM has been the subject of several recent analyst reports. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley lifted their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th.

Insider Activity

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 transaction 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. 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 can be accessed through this link. Insiders own 0.61% of the company’s stock.

Antero Midstream Stock Up 0.4 %

NYSE AM opened at $15.12 on Friday. 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 has a fifty day moving average of $15.27 and a two-hundred day moving average of $14.84. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 18.66 and a beta of 2.39. Antero Midstream Co. has a 52 week low of $11.58 and a 52 week high of $16.00.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is currently 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.