Boston Family Office LLC Has $527,000 Stock Position in Antero Midstream Co. (NYSE:AM)

Boston Family Office LLC grew its holdings in shares of Antero Midstream Co. (NYSE:AM) by 133.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,000 shares of the pipeline company’s stock after buying an additional 20,000 shares during the quarter. Boston Family Office LLC’s holdings in Antero Midstream were worth $527,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC bought a new position in shares of Antero Midstream during the second quarter valued at about $526,000. Van ECK Associates Corp raised its position in Antero Midstream by 98.6% in the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after acquiring an additional 86,001 shares during the period. Cetera Advisors LLC raised its position in Antero Midstream by 608.8% in the first quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company’s stock worth $2,121,000 after acquiring an additional 129,561 shares during the period. Advisors Asset Management Inc. raised its position in Antero Midstream by 10.5% in the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after acquiring an additional 34,222 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after acquiring an additional 184,911 shares during the period. 53.97% of the stock is owned by institutional investors.

Antero Midstream Price Performance

Shares of NYSE:AM opened at $15.68 on Tuesday. The company has a 50 day moving average of $15.20 and a 200 day moving average of $14.77. The stock has a market cap of $7.55 billion, a P/E ratio of 19.36 and a beta of 2.35. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $15.90. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors 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 5.74%. Antero Midstream’s dividend payout ratio is currently 111.11%.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the business’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 value of $146,600.00. Following the completion of the transaction, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on AM. Morgan Stanley lifted their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th.

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.