Brooklyn Investment Group Invests $48,000 in Antero Midstream Co. (NYSE:AM)

Brooklyn Investment Group purchased a new stake in shares of Antero Midstream Co. (NYSE:AM) during the third quarter, Holdings Channel reports. The institutional investor purchased 3,220 shares of the pipeline company’s stock, valued at approximately $48,000.

A number of other institutional investors and hedge funds have also modified their holdings of AM. Millennium Management LLC grew its holdings in shares of Antero Midstream by 314.6% during the second quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock valued at $27,459,000 after buying an additional 1,413,606 shares in the last quarter. FMR LLC grew its holdings in shares of Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock valued at $16,446,000 after buying an additional 600,208 shares in the last quarter. SIR Capital Management L.P. purchased a new position in Antero Midstream in the second quarter valued at about $8,251,000. SG Americas Securities LLC grew its stake in Antero Midstream by 1,141.2% in the third quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock valued at $7,085,000 after purchasing an additional 432,817 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in Antero Midstream by 74.5% in the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after purchasing an additional 293,238 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the sale, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. This represents a 11.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Antero Midstream Stock Performance

AM opened at $15.97 on Friday. The company has a market cap of $7.69 billion, a PE ratio of 19.72 and a beta of 2.35. The stock has a 50-day moving average of $15.25 and a 200-day moving average of $14.79. Antero Midstream Co. has a 52-week low of $11.58 and a 52-week high of $16.00. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.64%. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AM shares. Morgan Stanley boosted their target price on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday.

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.