Antero Midstream (NYSE:AM) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Antero Midstream (NYSE:AM) from a hold rating to a buy rating in a research note released on Monday.

Separately, Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a research note on Wednesday, December 18th.

Antero Midstream Stock Performance

AM opened at $15.15 on Monday. The company has a market cap of $7.29 billion, a P/E ratio of 18.70 and a beta of 2.39. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The firm’s 50-day moving average price is $15.17 and its 200-day moving average price is $14.88. Antero Midstream has a 52-week low of $11.58 and a 52-week high of $16.00.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.94%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is 111.11%.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the 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 sale, the director now directly owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in shares of Antero Midstream by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after purchasing an additional 203,967 shares during the period. World Investment Advisors LLC acquired a new position in shares of Antero Midstream in the third quarter worth about $680,000. Coldstream Capital Management Inc. boosted its stake in shares of Antero Midstream by 6.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock worth $185,000 after acquiring an additional 705 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Antero Midstream by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock valued at $91,549,000 after acquiring an additional 251,987 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Antero Midstream by 20.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 71,500 shares of the pipeline company’s stock valued at $1,076,000 after purchasing an additional 12,099 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

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.