Northwestern Mutual Investment Management Company LLC lessened its stake in Antero Midstream Co. (NYSE:AM – Get Rating) by 25.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,929 shares of the pipeline company's stock after selling 18,248 shares during the period. Northwestern Mutual Investment Management Company LLC's holdings in Antero Midstream were worth $586,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AM. Allspring Global Investments Holdings LLC bought a new stake in Antero Midstream in the 4th quarter worth approximately $595,000. Commonwealth Equity Services LLC boosted its stake in shares of Antero Midstream by 2.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 94,763 shares of the pipeline company's stock worth $917,000 after acquiring an additional 2,531 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Antero Midstream by 105.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,425 shares of the pipeline company's stock worth $595,000 after acquiring an additional 31,467 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Antero Midstream by 10.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 105,585 shares of the pipeline company's stock worth $1,022,000 after acquiring an additional 9,581 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Antero Midstream by 1.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 290,437 shares of the pipeline company's stock worth $2,811,000 after acquiring an additional 4,633 shares during the last quarter. Institutional investors own 53.92% of the company's stock.

Antero Midstream Stock Up 0.5 %

Shares of AM stock opened at $10.43 on Monday. The stock has a market cap of $4.99 billion, a P/E ratio of 15.12 and a beta of 2.61. Antero Midstream Co. has a 52 week low of $8.42 and a 52 week high of $11.71. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.42. The company's fifty day simple moving average is $9.73 and its two-hundred day simple moving average is $10.16.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 10th. Shareholders of record on Wednesday, July 27th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 8.63%. The ex-dividend date was Tuesday, July 26th. Antero Midstream's payout ratio is currently 130.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AM. Wells Fargo & Company upgraded shares of Antero Midstream from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $12.00 to $13.00 in a research note on Thursday, April 28th. Barclays dropped their price target on shares of Antero Midstream from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 20th. Finally, TheStreet cut shares of Antero Midstream from a "b-" rating to a "c" rating in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Antero Midstream currently has a consensus rating of "Hold" and a consensus price target of $11.00.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 68,502 shares of the business's stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $10.19, for a total value of $698,035.38. Following the sale, the director now directly owns 311,778 shares in the company, valued at approximately $3,177,017.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director W Howard Keenan, Jr. sold 68,502 shares of the business's stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $10.19, for a total value of $698,035.38. Following the sale, the director now directly owns 311,778 shares in the company, valued at approximately $3,177,017.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Howard Keenan, Jr. sold 250,996 shares of the business's stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $10.31, for a total transaction of $2,587,768.76. Following the completion of the sale, the director now owns 213,081 shares in the company, valued at $2,196,865.11. The disclosure for this sale can be found here. Insiders have sold a total of 865,620 shares of company stock worth $8,963,071 in the last 90 days. 0.80% of the stock is currently owned by corporate insiders.

Antero Midstream Company Profile

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Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. 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.

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