Antero Midstream Co. (NYSE:AM) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its stake in Antero Midstream Co. (NYSE:AM – Get Rating) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 314,584 shares of the pipeline company’s stock after selling 16,327 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Antero Midstream were worth $3,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Covestor Ltd increased its holdings in Antero Midstream by 2,155.9% in the first quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock valued at $25,000 after buying an additional 2,199 shares in the last quarter. Castle Wealth Management LLC acquired a new position in shares of Antero Midstream in the 3rd quarter valued at $28,000. MinichMacGregor Wealth Management LLC acquired a new position in shares of Antero Midstream during the 4th quarter valued at $31,000. TCI Wealth Advisors Inc. lifted its holdings in shares of Antero Midstream by 257.5% during the 4th quarter. TCI Wealth Advisors Inc. now owns 2,849 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 2,052 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Antero Midstream by 666.7% during the 4th quarter. Parallel Advisors LLC now owns 5,160 shares of the pipeline company’s stock valued at $56,000 after acquiring an additional 4,487 shares in the last quarter. Institutional investors and hedge funds own 52.21% of the company’s stock.

Antero Midstream Price Performance

Shares of NYSE:AM opened at $10.69 on Monday. The firm’s 50 day moving average is $10.35 and its two-hundred day moving average is $10.67. Antero Midstream Co. has a 52 week low of $8.56 and a 52 week high of $11.61. The firm has a market capitalization of $5.13 billion, a P/E ratio of 15.49 and a beta of 2.36. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.53.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 10th. Stockholders of record on Wednesday, April 26th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 8.42%. The ex-dividend date of this dividend was Tuesday, April 25th. Antero Midstream’s dividend payout ratio (DPR) is presently 130.43%.

Insider Activity

In related news, insider Michael N. Kennedy sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $10.47, for a total transaction of $3,141,000.00. Following the completion of the sale, the insider now directly owns 1,060,730 shares in the company, valued at $11,105,843.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Antero Midstream news, Director David H. Keyte purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were acquired at an average price of $10.01 per share, for a total transaction of $100,100.00. Following the acquisition, the director now owns 79,373 shares of the company’s stock, valued at $794,523.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael N. Kennedy sold 300,000 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $10.47, for a total transaction of $3,141,000.00. Following the completion of the transaction, the insider now owns 1,060,730 shares in the company, valued at $11,105,843.10. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AM shares. StockNews.com started coverage on shares of Antero Midstream in a report on Thursday. They set a “hold” rating on the stock. Capital One Financial reissued an “equal weight” rating on shares of Antero Midstream in a research report on Thursday, April 20th. Finally, UBS Group started coverage on shares of Antero Midstream in a research report on Wednesday, May 10th. They issued a “buy” rating and a $14.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.33.

About Antero Midstream

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Antero Midstream Corp. is a growth-oriented midstream energy company, which owns, operates, and develops midstream energy assets to service Antero Resources production and completion activity. It operates through the Gathering and Processing and Water Handling segments. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio.