Antero Midstream (NYSE:AM) Stock Rating Lowered by Wells Fargo & Company

Antero Midstream (NYSE:AM) was downgraded by equities researchers at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday,Finviz reports. They currently have a $16.00 target price on the pipeline company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 8.25% from the company’s previous close.

AM has been the topic of a number of other reports. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley raised their price target on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream Stock Performance

Shares of AM stock opened at $14.78 on Wednesday. The firm has a 50 day moving average of $15.24 and a two-hundred day moving average of $14.85. The stock has a market capitalization of $7.11 billion, a PE ratio of 18.25 and a beta of 2.39. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream has a 52 week low of $11.58 and a 52 week high of $16.00.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the transaction, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of Antero Midstream

Hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its holdings in shares of Antero Midstream by 0.8% in the third quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock valued at $1,256,000 after acquiring an additional 685 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Antero Midstream by 24.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after purchasing an additional 688 shares in the last quarter. Coldstream Capital Management Inc. increased its position in Antero Midstream by 6.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock worth $185,000 after purchasing an additional 705 shares during the period. Wedmont Private Capital raised its stake in shares of Antero Midstream by 4.7% during the 3rd quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock worth $264,000 after buying an additional 759 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Antero Midstream by 10.5% in the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock valued at $122,000 after buying an additional 768 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

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.