Antero Midstream (NYSE:AM) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Antero Midstream (NYSE:AM) from a buy rating to a hold rating in a report published on Thursday morning.

Separately, Wells Fargo & Company lifted their price target on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th.

Antero Midstream Trading Down 4.0 %

Shares of AM opened at $16.30 on Thursday. Antero Midstream has a twelve month low of $13.12 and a twelve month high of $17.19. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $7.80 billion, a P/E ratio of 19.63 and a beta of 2.31. The firm’s 50-day moving average is $16.09 and its two-hundred day moving average is $15.43.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. On average, research analysts predict that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.52%. Antero Midstream’s dividend payout ratio is currently 108.43%.

Institutional Investors Weigh In On Antero Midstream

Large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Antero Midstream by 6.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,774 shares of the pipeline company’s stock worth $328,000 after acquiring an additional 1,249 shares during the last quarter. Van ECK Associates Corp increased its position in Antero Midstream by 98.6% during the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after purchasing an additional 86,001 shares in the last quarter. QRG Capital Management Inc. raised its stake in Antero Midstream by 2.8% in the 3rd quarter. QRG Capital Management Inc. now owns 238,889 shares of the pipeline company’s stock valued at $3,595,000 after purchasing an additional 6,550 shares during the last quarter. Atria Investments Inc acquired a new position in Antero Midstream in the 3rd quarter valued at about $337,000. Finally, Covestor Ltd lifted its holdings in Antero Midstream by 112.0% in the 3rd quarter. Covestor Ltd now owns 13,312 shares of the pipeline company’s stock valued at $200,000 after purchasing an additional 7,032 shares in the last quarter. Institutional investors and hedge funds own 53.97% 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.