Antero Midstream Co. (NYSE:AM) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of Antero Midstream Co. (NYSE:AM – Get Rating) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,313,427 shares of the pipeline company’s stock after selling 91,736 shares during the period. Principal Financial Group Inc.’s holdings in Antero Midstream were worth $14,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AM. BlackRock Inc. lifted its holdings in shares of Antero Midstream by 10.4% during the 3rd quarter. BlackRock Inc. now owns 37,170,694 shares of the pipeline company’s stock worth $341,228,000 after acquiring an additional 3,501,617 shares during the period. First Trust Advisors LP boosted its stake in Antero Midstream by 51.3% during the 1st quarter. First Trust Advisors LP now owns 5,221,579 shares of the pipeline company’s stock worth $56,759,000 after acquiring an additional 1,769,545 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Antero Midstream by 22.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 7,129,854 shares of the pipeline company’s stock worth $65,452,000 after acquiring an additional 1,315,939 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Antero Midstream by 102.3% in the first quarter. Renaissance Technologies LLC now owns 1,980,382 shares of the pipeline company’s stock valued at $21,527,000 after buying an additional 1,001,677 shares in the last quarter. Finally, UBS Group AG lifted its stake in Antero Midstream by 121.8% in the first quarter. UBS Group AG now owns 914,081 shares of the pipeline company’s stock valued at $9,936,000 after buying an additional 501,918 shares in the last quarter. 52.21% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Stock Performance

Shares of AM stock opened at $10.64 on Thursday. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 15.42 and a beta of 2.36. Antero Midstream Co. has a 52 week low of $8.56 and a 52 week high of $11.61. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.53. The firm has a 50 day moving average of $10.39 and a 200-day moving average of $10.67.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, April 26th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 8.46%. The ex-dividend date was Tuesday, April 25th. Antero Midstream’s dividend payout ratio is currently 130.43%.

Insider Buying and Selling at Antero Midstream

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AM shares. StockNews.com assumed coverage on shares of Antero Midstream in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. UBS Group assumed coverage on shares of Antero Midstream in a report on Wednesday, May 10th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Capital One Financial restated an “equal weight” rating on shares of Antero Midstream in a research note on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.33.

Antero Midstream Company Profile

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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.