Antero Midstream Co. (NYSE:AM) Plans $0.23 Quarterly Dividend

Antero Midstream Co. (NYSE:AM) announced a quarterly dividend on Wednesday, July 10th, Wall Street Journal reports. Stockholders of record on Wednesday, July 24th will be paid a dividend of 0.225 per share by the pipeline company on Wednesday, August 7th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date is Wednesday, July 24th.

Antero Midstream has decreased its dividend payment by an average of 9.9% annually over the last three years. Antero Midstream has a dividend payout ratio of 90.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Antero Midstream to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 87.4%.

Antero Midstream Stock Up 0.0 %

Shares of NYSE:AM traded up $0.01 during midday trading on Thursday, reaching $14.76. The company had a trading volume of 2,378,628 shares, compared to its average volume of 2,585,843. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s fifty day moving average price is $14.56 and its 200-day moving average price is $13.60. The stock has a market capitalization of $7.10 billion, a P/E ratio of 18.41 and a beta of 2.38. Antero Midstream has a one year low of $11.50 and a one year high of $15.10.

Antero Midstream (NYSE:AM) last posted its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $279.05 million during 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 business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. Equities research analysts expect that Antero Midstream will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.70.

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.