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

Antero Midstream Co. (NYSE:AM) declared a quarterly dividend on Wednesday, January 15th,Wall Street Journal reports. Shareholders of record on Wednesday, January 29th will be paid a dividend of 0.225 per share by the pipeline company on Wednesday, February 12th. This represents a $0.90 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date 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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Antero Midstream to earn $0.96 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 93.8%.

Antero Midstream Price Performance

NYSE AM remained flat at $16.13 during trading hours on Wednesday. 2,194,018 shares of the company were exchanged, compared to its average volume of 2,083,372. The company has a market cap of $7.76 billion, a PE ratio of 19.91 and a beta of 2.34. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream has a 1-year low of $11.58 and a 1-year high of $16.35. The firm has a 50-day simple moving average of $15.34 and a 200 day simple moving average of $14.95.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research note on Wednesday, December 18th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

Insider Transactions at Antero Midstream

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

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.