Antero Midstream (NYSE:AM) Rating Increased 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 published 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 report on Wednesday, December 18th.

Antero Midstream Stock Performance

Antero Midstream stock opened at $15.09 on Monday. Antero Midstream has a 52-week low of $11.58 and a 52-week 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 stock has a fifty day moving average price of $15.18 and a two-hundred day moving average price of $14.89. The firm has a market capitalization of $7.26 billion, a P/E ratio of 18.63 and a beta of 2.39.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a $0.225 dividend. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.96%. Antero Midstream’s dividend payout ratio is 111.11%.

Insider Buying and Selling

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Antero Midstream

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