Antero Midstream (NYSE:AM) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Antero Midstream (NYSE:AM) from a buy rating to a hold rating in a report issued on Saturday.

Separately, Wells Fargo & Company lifted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th.

Antero Midstream Trading Up 0.5 %

Shares of AM stock opened at $17.01 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. Antero Midstream has a fifty-two week low of $13.12 and a fifty-two week high of $17.19. The company has a market cap of $8.14 billion, a PE ratio of 20.49 and a beta of 2.32. The stock’s fifty day moving average price is $16.30 and its two-hundred day moving average price is $15.53.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Equities analysts predict that Antero Midstream will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.29%. Antero Midstream’s payout ratio is 108.43%.

Institutional Trading of Antero Midstream

Several hedge funds have recently modified their holdings of AM. Vanguard Group Inc. boosted its position in shares of Antero Midstream by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company’s stock worth $541,250,000 after purchasing an additional 96,788 shares in the last quarter. State Street Corp grew its stake in Antero Midstream by 1.5% in the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock valued at $166,856,000 after purchasing an additional 160,593 shares during the period. Dimensional Fund Advisors LP grew its position in Antero Midstream by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company’s stock valued at $137,516,000 after buying an additional 71,361 shares during the period. Tortoise Capital Advisors L.L.C. grew its position in shares of Antero Midstream by 2.0% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company’s stock valued at $106,680,000 after acquiring an additional 135,886 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Antero Midstream by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company’s stock valued at $92,174,000 after purchasing an additional 25,001 shares during the period. Institutional investors own 53.97% of the company’s stock.

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.