Insider Buying: Antero Midstream Co. (NYSE:AM) Director Acquires 1,174 Shares of Stock

Antero Midstream Co. (NYSE:AM) Director Janine J. Mcardle acquired 1,174 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $15.11 per share, with a total value of $17,739.14. Following the purchase, the director now owns 68,320 shares in the company, valued at approximately $1,032,315.20. The trade was a 1.75 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Antero Midstream Trading Down 0.7 %

Shares of AM stock opened at $14.78 on Wednesday. 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 Co. has a fifty-two week low of $11.58 and a fifty-two week high of $16.00. The firm’s 50 day moving average price is $15.24 and its two-hundred day moving average price is $14.85. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 18.25 and a beta of 2.39.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a dividend yield of 6.09%. Antero Midstream’s payout ratio is 111.11%.

Wall Street Analyst Weigh In

AM has been the subject of several research analyst reports. Morgan Stanley upped 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. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th.

Institutional Trading of Antero Midstream

Several large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its position in Antero Midstream by 0.8% in the third quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock valued at $1,256,000 after acquiring an additional 685 shares in the last quarter. 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 valued at $52,000 after purchasing an additional 688 shares during the period. Coldstream Capital Management Inc. grew its holdings in Antero Midstream by 6.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock valued at $185,000 after purchasing an additional 705 shares in the last quarter. Wedmont Private Capital increased 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 worth $264,000 after buying an additional 759 shares during the period. Finally, CWM LLC lifted its holdings in Antero Midstream by 10.5% in the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after buying an additional 768 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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.