Kayne Anderson Capital Advisors LP Lowers Stock Holdings in Antero Midstream Co. (NYSE:AM)

Kayne Anderson Capital Advisors LP lowered its holdings in shares of Antero Midstream Co. (NYSE:AM) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,984,097 shares of the pipeline company’s stock after selling 34,672 shares during the quarter. Antero Midstream makes up 1.1% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 18th biggest holding. Kayne Anderson Capital Advisors LP owned approximately 0.62% of Antero Midstream worth $44,911,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AM. Natixis Advisors LLC grew its stake in shares of Antero Midstream by 89.2% during the third quarter. Natixis Advisors LLC now owns 95,440 shares of the pipeline company’s stock valued at $1,436,000 after buying an additional 44,993 shares during the last quarter. Empowered Funds LLC increased its stake in Antero Midstream by 89.1% in the 3rd quarter. Empowered Funds LLC now owns 40,388 shares of the pipeline company’s stock worth $608,000 after buying an additional 19,027 shares during the period. ING Groep NV bought a new stake in Antero Midstream during the 3rd quarter valued at about $1,108,000. Metis Global Partners LLC boosted its position in Antero Midstream by 33.5% in the 3rd quarter. Metis Global Partners LLC now owns 18,952 shares of the pipeline company’s stock valued at $285,000 after buying an additional 4,754 shares during the period. Finally, KBC Group NV grew its stake in Antero Midstream by 36.2% in the 3rd quarter. KBC Group NV now owns 13,017 shares of the pipeline company’s stock worth $196,000 after acquiring an additional 3,460 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Insider Transactions at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the business’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 owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. The trade was a 15.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 74,100 shares in the company, valued at approximately $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 Trading Up 1.1 %

Shares of NYSE AM opened at $15.25 on Monday. Antero Midstream Co. has a 1-year low of $11.58 and a 1-year high of $15.87. The business has a fifty day moving average price of $15.06 and a 200 day moving average price of $14.71. The stock has a market capitalization of $7.34 billion, a P/E ratio of 18.83 and a beta of 2.35. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 5.90%. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th.

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.