Antero Midstream Sees Unusually High Options Volume (NYSE:AM)

Antero Midstream Co. (NYSE:AM) was the target of unusually large options trading on Wednesday. Stock investors purchased 7,677 call options on the company. This represents an increase of 274% compared to the typical daily volume of 2,055 call options.

Insider Buying and Selling

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the transaction, the director now owns 74,100 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.61% of the company’s stock.

Institutional Trading of Antero Midstream

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Choreo LLC acquired a new position in shares of Antero Midstream during the 2nd quarter worth about $229,000. Meeder Advisory Services Inc. grew its stake in shares of Antero Midstream by 37.2% in the 2nd quarter. Meeder Advisory Services Inc. now owns 14,514 shares of the pipeline company’s stock valued at $214,000 after purchasing an additional 3,937 shares during the period. Federated Hermes Inc. grew its stake in shares of Antero Midstream by 28.5% in the 2nd quarter. Federated Hermes Inc. now owns 45,569 shares of the pipeline company’s stock valued at $672,000 after purchasing an additional 10,101 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Antero Midstream by 4.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 462,726 shares of the pipeline company’s stock valued at $6,821,000 after purchasing an additional 21,552 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Antero Midstream by 25.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,038 shares of the pipeline company’s stock worth $841,000 after acquiring an additional 11,626 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Price Performance

AM opened at $16.33 on Friday. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 20.15 and a beta of 2.34. Antero Midstream has a 1 year low of $11.58 and a 1 year high of $16.38. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a fifty day moving average price of $15.36 and a 200 day moving average price of $14.96.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders 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 dividend on an annualized basis and a dividend yield of 5.51%. Antero Midstream’s dividend payout ratio is currently 111.11%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AM. Wells Fargo & Company downgraded Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a report on Wednesday, December 18th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

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.