Short Interest in Antero Midstream Co. (NYSE:AM) Declines By 5.7%

Antero Midstream Co. (NYSE:AM) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 12,480,000 shares, a drop of 5.7% from the December 15th total of 13,240,000 shares. Approximately 3.7% of the company’s shares are short sold. Based on an average daily volume of 2,660,000 shares, the short-interest ratio is currently 4.7 days.

Insider Buying and Selling

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AM. Advisors Asset Management Inc. grew its stake in Antero Midstream by 10.5% in the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock valued at $5,402,000 after purchasing an additional 34,222 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Antero Midstream by 98.6% in the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock valued at $2,564,000 after buying an additional 86,001 shares in the last quarter. JPMorgan Chase & Co. raised its position in Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock worth $28,686,000 after acquiring an additional 203,967 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock valued at $49,516,000 after acquiring an additional 184,911 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its position in shares of Antero Midstream by 23.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock valued at $6,738,000 after acquiring an additional 85,416 shares during the period. Institutional investors and hedge funds own 53.97% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a report on Wednesday, December 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Antero Midstream Stock Up 1.0 %

NYSE:AM opened at $16.49 on Friday. The company has a market cap of $7.94 billion, a PE ratio of 20.36 and a beta of 2.34. The stock has a 50-day simple moving average of $15.40 and a 200 day simple moving average of $14.99. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. Antero Midstream has a 52-week low of $11.58 and a 52-week high of $16.58.

Antero Midstream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.46%. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

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.