Antero Midstream (NYSE:AM) Upgraded at StockNews.com

StockNews.com upgraded shares of Antero Midstream (NYSE:AM) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Other analysts have also recently issued reports about the company. Morgan Stanley raised their target price on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th. Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a report on Wednesday.

Antero Midstream Price Performance

Shares of Antero Midstream stock opened at $15.01 on Thursday. The stock has a market capitalization of $7.22 billion, a P/E ratio of 18.53 and a beta of 2.39. Antero Midstream has a one year low of $11.58 and a one year high of $16.00. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50 day simple moving average is $15.18 and its two-hundred day simple moving average is $14.85.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.00%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is currently 111.11%.

Insiders Place Their Bets

In related news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the transaction, the director now owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Antero Midstream by 1.5% during the third 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 in the last quarter. Geode Capital Management LLC grew its stake 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 purchasing an additional 251,987 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in shares of Antero Midstream by 3.7% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,578,584 shares of the pipeline company’s stock valued at $82,228,000 after purchasing an additional 199,625 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Antero Midstream by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock worth $57,047,000 after purchasing an additional 22,936 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after buying an additional 184,911 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

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.