Antero Midstream Co. Plans Quarterly Dividend of $0.23 (NYSE:AM)

Antero Midstream Co. (NYSE:AM) declared a quarterly dividend on Wednesday, October 9th, NASDAQ reports. Shareholders of record on Wednesday, October 23rd will be given a dividend of 0.225 per share by the pipeline company on Wednesday, November 6th. This represents a $0.90 annualized dividend and a yield of 5.97%. The ex-dividend date of this dividend is Wednesday, October 23rd.

Antero Midstream has decreased its dividend payment by an average of 9.9% per year over the last three years. Antero Midstream has a dividend payout ratio of 89.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Antero Midstream to earn $1.07 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 84.1%.

Antero Midstream Trading Down 0.5 %

NYSE AM opened at $15.08 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 18.85 and a beta of 2.34. The firm has a 50 day simple moving average of $14.88 and a 200-day simple moving average of $14.57. Antero Midstream has a one year low of $11.58 and a one year high of $15.87.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, July 31st. The pipeline company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). The business had revenue of $269.70 million during the quarter, compared to analyst estimates of $274.66 million. Antero Midstream had a return on equity of 19.40% and a net margin of 36.19%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. Equities research analysts anticipate that Antero Midstream will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AM has been the subject of several recent research reports. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Morgan Stanley raised their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th.

Insider Activity at Antero Midstream

In other news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the completion of the transaction, the insider now directly owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by corporate insiders.

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.