Antero Midstream Co. (AM) to Issue Quarterly Dividend of $0.23 on February 12th

Antero Midstream Co. (NYSE:AM) declared a quarterly dividend on Tuesday, January 14th,Wall Street Journal reports. Stockholders of record on Wednesday, January 29th will be given a dividend of 0.225 per share by the pipeline company on Wednesday, February 12th. This represents a $0.90 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Wednesday, January 29th.

Antero Midstream has decreased its dividend payment by an average of 2.9% annually over the last three years. Antero Midstream has a payout ratio of 82.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Antero Midstream to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 94.7%.

Antero Midstream Stock Down 1.1 %

Shares of NYSE AM opened at $16.38 on Monday. 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 company has a market cap of $7.89 billion, a P/E ratio of 20.23 and a beta of 2.34. Antero Midstream has a 52 week low of $11.58 and a 52 week high of $16.86. The business has a 50-day simple moving average of $15.53 and a two-hundred day simple moving average of $15.05.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction that occurred 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 transaction, the director now directly owns 74,100 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

AM has been the topic of several research analyst reports. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Wells Fargo & Company downgraded 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, December 18th.

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.