Moors & Cabot Inc. Boosts Stake in Antero Midstream Co. (NYSE:AM)

Moors & Cabot Inc. lifted its position in Antero Midstream Co. (NYSE:AMFree Report) by 10.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,731 shares of the pipeline company’s stock after buying an additional 2,900 shares during the period. Moors & Cabot Inc.’s holdings in Antero Midstream were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Antero Midstream in the 4th quarter worth $37,729,000. BlackRock Inc. grew its position in shares of Antero Midstream by 9.1% during the first quarter. BlackRock Inc. now owns 32,917,158 shares of the pipeline company’s stock valued at $357,809,000 after purchasing an additional 2,743,230 shares in the last quarter. Kayne Anderson Capital Advisors LP purchased a new position in shares of Antero Midstream during the second quarter valued at about $25,733,000. First Trust Advisors LP grew its position in shares of Antero Midstream by 51.3% during the first quarter. First Trust Advisors LP now owns 5,221,579 shares of the pipeline company’s stock valued at $56,759,000 after purchasing an additional 1,769,545 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Antero Midstream by 102.3% during the first quarter. Renaissance Technologies LLC now owns 1,980,382 shares of the pipeline company’s stock valued at $21,527,000 after purchasing an additional 1,001,677 shares in the last quarter. 52.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.63.

Get Our Latest Report on Antero Midstream

Antero Midstream Trading Down 1.2 %

AM opened at $12.10 on Tuesday. Antero Midstream Co. has a 12 month low of $9.56 and a 12 month high of $13.46. The stock has a 50-day moving average of $12.53 and a 200 day moving average of $12.29. The firm has a market cap of $5.80 billion, a P/E ratio of 16.57 and a beta of 2.25. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.51.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.225 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $0.90 annualized dividend and a dividend yield of 7.44%. Antero Midstream’s dividend payout ratio (DPR) is presently 123.29%.

About Antero Midstream

(Free Report)

Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure in the Appalachian Basin. It operates through Gathering and Processing, and Water Handling segments. 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.

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Institutional Ownership by Quarter for Antero Midstream (NYSE:AM)

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