ING Groep NV Makes New $1.11 Million Investment in Antero Midstream Co. (NYSE:AM)

ING Groep NV bought a new position in shares of Antero Midstream Co. (NYSE:AM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 73,600 shares of the pipeline company’s stock, valued at approximately $1,108,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AM. Allspring Global Investments Holdings LLC grew its stake in shares of Antero Midstream by 360.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after buying an additional 1,753 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Antero Midstream by 108.9% during the first quarter. Russell Investments Group Ltd. now owns 29,497 shares of the pipeline company’s stock worth $415,000 after purchasing an additional 15,379 shares during the period. US Bancorp DE lifted its holdings in shares of Antero Midstream by 4.4% during the first quarter. US Bancorp DE now owns 34,127 shares of the pipeline company’s stock worth $480,000 after purchasing an additional 1,446 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of Antero Midstream by 48.6% during the first quarter. Bleakley Financial Group LLC now owns 15,021 shares of the pipeline company’s stock worth $211,000 after purchasing an additional 4,913 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Antero Midstream by 433.9% during the first quarter. Covestor Ltd now owns 5,830 shares of the pipeline company’s stock worth $82,000 after purchasing an additional 4,738 shares during the period. Institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Morgan Stanley upped their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Trading Up 1.1 %

Shares of AM stock opened at $15.25 on Monday. Antero Midstream Co. has a 52-week low of $11.58 and a 52-week high of $15.87. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50-day simple moving average of $15.06 and a two-hundred day simple moving average of $14.71. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 18.83 and a beta of 2.35.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is currently 111.11%.

Insider Activity

In related news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total transaction of $343,127.62. Following the sale, the insider now directly owns 130,349 shares in the company, valued at approximately $1,901,791.91. This represents a 15.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brooks J. Klimley sold 10,000 shares of the company’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 transaction of $146,600.00. Following the sale, the director now owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Antero Midstream Company 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.