Antero Midstream (NYSE:AM) Downgraded by Wells Fargo & Company to “Equal Weight”

Wells Fargo & Company downgraded shares of Antero Midstream (NYSE:AM) from an overweight rating to an equal weight rating in a research report released on Wednesday morning, MarketBeat reports. They currently have $16.00 price target on the pipeline company’s stock.

Several other equities analysts also recently commented on the stock. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley raised their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Price Performance

Shares of NYSE AM opened at $14.22 on Wednesday. The business’s 50 day moving average is $15.21 and its 200-day moving average is $14.85. The firm has a market cap of $6.84 billion, a P/E ratio of 17.56 and a beta of 2.39. Antero Midstream has a 1-year low of $11.58 and a 1-year high of $16.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.33%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s payout ratio is 111.11%.

Insider Activity

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the transaction, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. This represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is currently owned by corporate insiders.

Institutional Trading of Antero Midstream

Several hedge funds and other institutional investors have recently made changes to their positions in the company. World Investment Advisors LLC acquired a new stake in Antero Midstream in the third quarter valued at $680,000. Coldstream Capital Management Inc. increased its stake in shares of Antero Midstream by 6.1% in the third quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock valued at $185,000 after buying an additional 705 shares during the period. Geode Capital Management LLC raised its position in shares of Antero Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after acquiring an additional 251,987 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of Antero Midstream by 20.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 71,500 shares of the pipeline company’s stock worth $1,076,000 after acquiring an additional 12,099 shares during the period. Finally, XTX Topco Ltd bought a new stake in Antero Midstream in the third quarter valued at approximately $256,000. 53.97% of the stock is currently owned by institutional investors.

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.