Antero Midstream Co. (NYSE:AM) Short Interest Update

Antero Midstream Co. (NYSE:AM) was the target of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 10,980,000 shares, a drop of 14.6% from the July 31st total of 12,850,000 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average daily volume of 2,620,000 shares, the short-interest ratio is currently 4.2 days.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AM. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Morgan Stanley increased their price target on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $13.88.

Antero Midstream Stock Performance

Shares of Antero Midstream stock traded up $0.14 during trading on Monday, reaching $14.87. The company’s stock had a trading volume of 2,660,000 shares, compared to its average volume of 2,630,929. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.50. The business’s 50-day moving average price is $14.54 and its 200-day moving average price is $14.20. Antero Midstream has a 52 week low of $11.50 and a 52 week high of $15.21. The firm has a market cap of $7.16 billion, a PE ratio of 18.59 and a beta of 2.38.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. 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 prior year, the firm earned $0.22 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts forecast that Antero Midstream will post 0.85 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend was Wednesday, July 24th. Antero Midstream’s dividend payout ratio is currently 112.50%.

Insider Activity at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the sale, the insider now owns 130,349 shares in the company, valued at $1,901,791.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Antero Midstream

A number of hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. grew its holdings in shares of Antero Midstream by 22.3% during the 4th quarter. Federated Hermes Inc. now owns 51,532 shares of the pipeline company’s stock worth $646,000 after purchasing an additional 9,397 shares in the last quarter. California Public Employees Retirement System lifted its position in Antero Midstream by 96.7% during the fourth quarter. California Public Employees Retirement System now owns 358,534 shares of the pipeline company’s stock worth $4,492,000 after purchasing an additional 176,286 shares during the period. GAMMA Investing LLC acquired a new stake in Antero Midstream during the fourth quarter worth about $51,000. Atria Wealth Solutions Inc. increased its holdings in Antero Midstream by 3.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 27,708 shares of the pipeline company’s stock valued at $347,000 after buying an additional 1,042 shares during the period. Finally, Retirement Systems of Alabama raised its position in shares of Antero Midstream by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 426,580 shares of the pipeline company’s stock valued at $5,345,000 after buying an additional 1,340 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

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.