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

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

Separately, Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a buy rating to a hold rating and upped their target price for the company from $12.00 to $13.00 in a report on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Antero Midstream currently has an average rating of Hold and a consensus target price of $12.70.

Antero Midstream Stock Up 0.5 %

Shares of NYSE:AM opened at $14.29 on Friday. The company has a 50 day moving average of $13.86 and a 200-day moving average of $13.01. Antero Midstream has a one year low of $10.09 and a one year high of $14.52. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 17.86 and a beta of 2.26. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $279.05 million for the quarter, compared to analyst estimates of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, sell-side analysts forecast that Antero Midstream will post 0.89 earnings per share for the current year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date is Tuesday, April 23rd. Antero Midstream’s payout ratio is 112.50%.

Insider Buying and Selling at Antero Midstream

In related news, insider Sheri Pearce sold 16,394 shares of Antero Midstream stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total transaction of $224,105.98. Following the transaction, the insider now owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

Several institutional investors and hedge funds have recently bought and sold shares of AM. Vanguard Group Inc. boosted its position in shares of Antero Midstream by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 35,545,837 shares of the pipeline company’s stock valued at $445,389,000 after acquiring an additional 193,263 shares during the period. Invesco Ltd. raised its holdings in shares of Antero Midstream by 0.4% in the 3rd quarter. Invesco Ltd. now owns 33,534,655 shares of the pipeline company’s stock valued at $401,745,000 after acquiring an additional 135,163 shares in the last quarter. RR Advisors LLC grew its holdings in shares of Antero Midstream by 2.9% during the third quarter. RR Advisors LLC now owns 6,076,000 shares of the pipeline company’s stock worth $72,785,000 after purchasing an additional 169,000 shares in the last quarter. Norges Bank bought a new position in shares of Antero Midstream in the fourth quarter worth approximately $54,704,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Antero Midstream by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,602,607 shares of the pipeline company’s stock valued at $45,141,000 after purchasing an additional 99,592 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.