Antero Midstream Co. (NYSE:AM) Short Interest Down 8.1% in July

Antero Midstream Co. (NYSE:AM) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 13,020,000 shares, a drop of 8.1% from the June 30th total of 14,170,000 shares. Based on an average trading volume of 2,510,000 shares, the short-interest ratio is currently 5.2 days. Approximately 3.9% of the shares of the stock are sold short.

Hedge Funds Weigh In On Antero Midstream

Hedge funds and other institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC grew its position in Antero Midstream by 78.5% during the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 919 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Antero Midstream by 360.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 1,753 shares during the last quarter. MCF Advisors LLC acquired a new position in Antero Midstream during the 1st quarter worth about $34,000. Parkside Financial Bank & Trust lifted its holdings in Antero Midstream by 175.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after buying an additional 1,930 shares during the period. Finally, City State Bank acquired a new position in Antero Midstream during the 2nd quarter worth about $51,000. Institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.17.

Antero Midstream Price Performance

Shares of AM traded down $0.37 during midday trading on Thursday, hitting $13.99. The company’s stock had a trading volume of 3,785,180 shares, compared to its average volume of 2,608,603. Antero Midstream has a one year low of $11.50 and a one year high of $15.21. The company’s fifty day simple moving average is $14.62 and its two-hundred day simple moving average is $13.83. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 17.93 and a beta of 2.38.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.90 annualized dividend and a dividend yield of 6.43%. Antero Midstream’s payout ratio is 112.50%.

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.