Antero Midstream (NYSE:AM) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Antero Midstream (NYSE:AM) from a buy rating to a hold rating in a report released on Saturday morning.

Separately, Wells Fargo & Company raised their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th.

Antero Midstream Trading Up 2.6 %

Shares of AM stock opened at $17.45 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm has a market cap of $8.35 billion, a P/E ratio of 21.02 and a beta of 2.33. The company has a 50 day moving average of $16.34 and a 200-day moving average of $15.55. Antero Midstream has a 12-month low of $13.12 and a 12-month high of $17.47.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. Sell-side analysts anticipate that Antero Midstream will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

Institutional Trading of Antero Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Antero Midstream in the fourth quarter worth $62,578,000. SIR Capital Management L.P. bought a new position in shares of Antero Midstream in the 4th quarter worth about $35,058,000. Balyasny Asset Management L.P. lifted its position in Antero Midstream by 7,769.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,028,014 shares of the pipeline company’s stock valued at $15,513,000 after acquiring an additional 1,014,951 shares during the period. Northern Trust Corp lifted its position in Antero Midstream by 22.5% during the 4th quarter. Northern Trust Corp now owns 4,105,379 shares of the pipeline company’s stock valued at $61,950,000 after acquiring an additional 753,939 shares during the period. Finally, FMR LLC boosted its stake in Antero Midstream by 121.9% during the third quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after acquiring an additional 600,208 shares in the last quarter. Hedge funds and other 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.