SeaBridge Investment Advisors LLC Purchases 878 Shares of Antero Midstream Co. (NYSE:AM)

SeaBridge Investment Advisors LLC grew its position in Antero Midstream Co. (NYSE:AM) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,819 shares of the pipeline company’s stock after acquiring an additional 878 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Antero Midstream were worth $2,034,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Antero Midstream during the third quarter worth $38,000. Financial Management Professionals Inc. boosted its holdings in shares of Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after buying an additional 1,000 shares during the period. Blue Trust Inc. grew its stake 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 last quarter. Brooklyn Investment Group bought a new position in Antero Midstream in the 3rd quarter valued at about $48,000. Finally, Abich Financial Wealth Management LLC lifted its position in Antero Midstream by 21.9% during the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock worth $68,000 after acquiring an additional 818 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream 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 transaction, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by insiders.

Antero Midstream Stock Down 1.4 %

Shares of AM opened at $16.03 on Friday. 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 market capitalization of $7.71 billion, a PE ratio of 19.78 and a beta of 2.34. The firm’s 50 day moving average is $15.55 and its 200-day moving average is $15.09. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $16.86.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.62%. Antero Midstream’s payout ratio is 111.11%.

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.