Antero Midstream Co. (AM) to Issue Quarterly Dividend of $0.23 on November 6th

Antero Midstream Co. (NYSE:AM) announced a quarterly dividend on Wednesday, October 9th, NASDAQ reports. Shareholders of record on Wednesday, October 23rd will be paid 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 5.83%. The ex-dividend date is Wednesday, October 23rd.

Antero Midstream has decreased its dividend by an average of 9.9% per year over the last three years. Antero Midstream has a 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 fall. Equities 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 1.2 %

NYSE:AM opened at $15.43 on Friday. Antero Midstream has a 1 year low of $11.58 and a 1 year high of $15.87. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 19.29 and a beta of 2.34. The business has a fifty day moving average of $14.69 and a 200-day moving average of $14.51. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.89 and a current ratio of 0.89.

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

Insider Buying and Selling

In other news, insider Sheri Pearce sold 23,518 shares of the firm’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 sale, the insider now directly owns 130,349 shares of the company’s stock, valued at $1,901,791.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

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

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.