Qsemble Capital Management LP Makes New Investment in Antero Midstream Co. (NYSE:AM)

Qsemble Capital Management LP purchased a new position in Antero Midstream Co. (NYSE:AM) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 22,885 shares of the pipeline company’s stock, valued at approximately $344,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AM. Russell Investments Group Ltd. raised its position in Antero Midstream by 108.9% in the first quarter. Russell Investments Group Ltd. now owns 29,497 shares of the pipeline company’s stock worth $415,000 after acquiring an additional 15,379 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Antero Midstream by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 182,452 shares of the pipeline company’s stock worth $2,566,000 after purchasing an additional 8,167 shares in the last quarter. SVB Wealth LLC purchased a new position in Antero Midstream in the 1st quarter worth about $287,000. Tidal Investments LLC increased its stake in Antero Midstream by 36.7% in the 1st quarter. Tidal Investments LLC now owns 46,749 shares of the pipeline company’s stock worth $657,000 after purchasing an additional 12,557 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Antero Midstream in the 1st quarter worth about $152,000. 53.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AM has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th.

Insider Buying and Selling at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Antero Midstream Trading Down 0.7 %

NYSE:AM opened at $15.77 on Thursday. 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 Co. has a fifty-two week low of $11.58 and a fifty-two week high of $15.90. The stock’s 50-day moving average is $15.22 and its two-hundred day moving average is $14.78. The stock has a market cap of $7.59 billion, a PE ratio of 19.46 and a beta of 2.35.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 5.71%. Antero Midstream’s dividend payout ratio (DPR) is presently 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.