Retirement Systems of Alabama Has $6.16 Million Position in Antero Midstream Co. (NYSE:AM)

Retirement Systems of Alabama lessened its stake in Antero Midstream Co. (NYSE:AM) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 409,232 shares of the pipeline company’s stock after selling 12,485 shares during the period. Retirement Systems of Alabama owned about 0.09% of Antero Midstream worth $6,159,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in Antero Midstream by 314.6% in the 2nd quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock valued at $27,459,000 after buying an additional 1,413,606 shares during the period. FMR LLC increased its stake in Antero Midstream by 121.9% in the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock valued at $16,446,000 after acquiring an additional 600,208 shares during the period. SIR Capital Management L.P. bought a new stake in Antero Midstream in the second quarter valued at about $8,251,000. SG Americas Securities LLC raised its position in Antero Midstream by 1,141.2% in the third quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock worth $7,085,000 after purchasing an additional 432,817 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Antero Midstream by 74.5% during the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after purchasing an additional 293,238 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. This represents 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 accessible through this link. Company insiders own 0.61% of the company’s stock.

Antero Midstream Stock Down 3.8 %

Shares of AM opened at $14.22 on Thursday. The company has a market capitalization of $6.84 billion, a P/E ratio of 17.56 and a beta of 2.39. Antero Midstream Co. has a one year low of $11.58 and a one year high of $16.00. The business’s 50 day simple moving average is $15.21 and its 200-day simple moving average is $14.85. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is currently 111.11%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a report on Wednesday. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Morgan Stanley boosted their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

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.