Chickasaw Capital Management LLC Sells 274,742 Shares of Antero Midstream Co. (NYSE:AM)

Chickasaw Capital Management LLC cut its holdings in shares of Antero Midstream Co. (NYSE:AM) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,786,428 shares of the pipeline company’s stock after selling 274,742 shares during the period. Antero Midstream comprises approximately 1.1% of Chickasaw Capital Management LLC’s investment portfolio, making the stock its 16th biggest position. Chickasaw Capital Management LLC owned 0.37% of Antero Midstream worth $26,957,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ashton Thomas Securities LLC acquired a new stake in shares of Antero Midstream during the 3rd quarter worth approximately $38,000. Blue Trust Inc. grew its position in Antero Midstream by 149.4% during the third 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 purchased a new position in shares of Antero Midstream in the third quarter worth about $48,000. Abich Financial Wealth Management LLC purchased a new stake in Antero Midstream during the 2nd quarter worth about $55,000. Finally, GAMMA Investing LLC grew its holdings in shares of Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after purchasing an additional 1,962 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $1,086,306. This represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Antero Midstream Stock Down 0.2 %

Shares of AM stock traded down $0.03 during mid-day trading on Tuesday, hitting $15.47. 1,996,026 shares of the stock traded hands, compared to its average volume of 1,945,616. The stock’s fifty day moving average is $15.21 and its two-hundred day moving average is $14.91. The stock has a market cap of $7.45 billion, a P/E ratio of 19.10 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. Antero Midstream Co. has a 52-week low of $11.58 and a 52-week high of $16.00.

Antero Midstream Announces Dividend

The business also recently announced 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 5.82%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is currently 111.11%.

Wall Street Analyst Weigh In

AM has been the subject of a number of recent research reports. Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a research note on Wednesday, December 18th. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday.

Antero Midstream 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.