Exchange Traded Concepts LLC Acquires 171,730 Shares of Antero Midstream Co. (NYSE:AM)

Exchange Traded Concepts LLC increased its holdings in Antero Midstream Co. (NYSE:AM) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 928,015 shares of the pipeline company’s stock after buying an additional 171,730 shares during the period. Exchange Traded Concepts LLC’s holdings in Antero Midstream were worth $14,004,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Antero Midstream in the third quarter worth $38,000. Financial Management Professionals Inc. lifted its holdings in Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 1,000 shares in the last quarter. Blue Trust Inc. boosted its stake in Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 1,857 shares during the period. Brooklyn Investment Group purchased a new position in Antero Midstream during the 3rd quarter valued at about $48,000. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Antero Midstream during the second quarter valued at about $55,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity 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 in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AM shares. 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 research note on Wednesday, December 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

Antero Midstream Trading Down 0.1 %

Shares of AM opened at $16.55 on Friday. Antero Midstream Co. has a 1-year low of $11.58 and a 1-year high of $16.86. The company has a market capitalization of $7.97 billion, a P/E ratio of 20.43 and a beta of 2.34. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The firm’s 50 day simple moving average is $15.50 and its 200 day simple moving average is $15.03.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a $0.225 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.44%. 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.