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 report released on Thursday morning.

Several other analysts also recently commented on the stock. Wells Fargo & Company downgraded shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a research report on Wednesday. Morgan Stanley boosted their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, August 27th.

Antero Midstream Trading Up 3.3 %

Shares of NYSE:AM opened at $15.01 on Thursday. Antero Midstream has a 12-month low of $11.58 and a 12-month high of $16.00. The company has a market cap of $7.22 billion, a PE ratio of 18.53 and a beta of 2.39. The stock has a 50 day moving average of $15.18 and a 200 day moving average of $14.85. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a $0.225 dividend. 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%.

Insider Activity

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the transaction, the director now owns 74,100 shares in the company, valued at $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Several institutional investors have recently modified their holdings of the stock. Stifel Financial Corp raised its holdings in Antero Midstream by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock valued at $1,256,000 after buying an additional 685 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 688 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Antero Midstream by 6.1% in 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 during the last quarter. Wedmont Private Capital boosted its stake in shares of Antero Midstream by 4.7% during the 3rd quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock worth $264,000 after purchasing an additional 759 shares during the period. Finally, CWM LLC boosted its stake in shares of Antero Midstream by 10.5% during the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after purchasing an additional 768 shares during the period. 53.97% of the stock is owned by 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.