Antero Midstream (NYSE:AM) Downgraded 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 research report released on Thursday.

Separately, Wells Fargo & Company upped their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th.

Antero Midstream Stock Up 1.0 %

Shares of AM opened at $16.46 on Thursday. The company has a 50-day simple moving average of $16.14 and a 200-day simple moving average of $15.45. The firm has a market capitalization of $7.88 billion, a P/E ratio of 19.83 and a beta of 2.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. Antero Midstream has a 52 week low of $13.12 and a 52 week high of $17.19.

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

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.47%. Antero Midstream’s dividend payout ratio (DPR) is currently 108.43%.

Institutional Trading of Antero Midstream

Several hedge funds have recently modified their holdings of AM. Wealth Enhancement Advisory Services LLC lifted its holdings in Antero Midstream by 6.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,774 shares of the pipeline company’s stock worth $328,000 after acquiring an additional 1,249 shares in the last quarter. Van ECK Associates Corp increased its holdings 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 worth $2,564,000 after acquiring an additional 86,001 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Antero Midstream by 2.8% in the third quarter. QRG Capital Management Inc. now owns 238,889 shares of the pipeline company’s stock worth $3,595,000 after acquiring an additional 6,550 shares in the last quarter. Atria Investments Inc bought a new stake in shares of Antero Midstream in the third quarter worth about $337,000. Finally, Covestor Ltd grew its holdings in shares of Antero Midstream by 112.0% during the third quarter. Covestor Ltd now owns 13,312 shares of the pipeline company’s stock worth $200,000 after buying an additional 7,032 shares in the last quarter. 53.97% of the stock is owned by institutional investors.

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.