Antero Midstream Co. (NYSE:AM) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Antero Midstream Co. (NYSE:AM) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,764 shares of the pipeline company’s stock after selling 2,980 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Antero Midstream were worth $1,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in Antero Midstream in the third quarter valued at $38,000. Blue Trust Inc. grew its holdings in Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after buying an additional 1,857 shares during the period. Brooklyn Investment Group acquired a new position in shares of Antero Midstream during the 3rd quarter valued at about $48,000. First Horizon Advisors Inc. lifted its holdings in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Antero Midstream in the second quarter worth approximately $55,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Down 0.7 %

Shares of Antero Midstream stock opened at $14.78 on Wednesday. The business has a 50-day moving average price of $15.24 and a 200 day moving average price of $14.85. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $16.00. The firm has a market cap of $7.11 billion, a P/E ratio of 18.25 and a beta of 2.39. 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 Announces Dividend

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

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the firm’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 owns 74,100 shares in the company, valued at $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Morgan Stanley raised their price objective on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report 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.