Antero Midstream Co. (NYSE:AM) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lessened its stake in shares of Antero Midstream Co. (NYSE:AM) by 20.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,718,027 shares of the pipeline company’s stock after selling 437,100 shares during the period. Miller Howard Investments Inc. NY owned 0.36% of Antero Midstream worth $25,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Entropy Technologies LP acquired a new stake in Antero Midstream during the fourth quarter worth $462,000. Empowered Funds LLC grew its holdings in shares of Antero Midstream by 4.3% during the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock worth $636,000 after purchasing an additional 1,751 shares during the period. Leo Wealth LLC acquired a new stake in shares of Antero Midstream during the 4th quarter worth about $194,000. Stratos Wealth Partners LTD. raised its holdings in Antero Midstream by 100.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 29,359 shares of the pipeline company’s stock valued at $443,000 after buying an additional 14,728 shares during the period. Finally, Longboard Asset Management LP acquired a new position in Antero Midstream in the fourth quarter valued at about $240,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AM shares. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company downgraded shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a report on Wednesday, December 18th.

Antero Midstream Trading Up 0.4 %

NYSE AM opened at $16.11 on Friday. 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 firm has a market cap of $7.75 billion, a price-to-earnings ratio of 19.89 and a beta of 2.31. The firm has a 50 day simple moving average of $15.59 and a 200-day simple moving average of $15.13. Antero Midstream Co. has a one year low of $11.58 and a one year high of $16.86.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be given a $0.225 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.59%. Antero Midstream’s dividend payout ratio is presently 111.11%.

About Antero Midstream

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.