Antero Midstream (NYSE:AM) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Antero Midstream (NYSE:AM) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Separately, Morgan Stanley lifted their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream Price Performance

Shares of NYSE:AM opened at $15.75 on Thursday. The firm’s 50 day simple moving average is $15.23 and its two-hundred day simple moving average is $14.79. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $7.58 billion, a P/E ratio of 19.44 and a beta of 2.35. Antero Midstream has a 1-year low of $11.58 and a 1-year high of $15.90.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by insiders.

Institutional Trading of Antero Midstream

Institutional investors and hedge funds have recently bought and sold shares of the stock. Linden Thomas Advisory Services LLC bought a new stake in Antero Midstream in the 2nd quarter valued at $526,000. Van ECK Associates Corp increased its holdings in shares of Antero Midstream by 98.6% in the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after buying an additional 86,001 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Antero Midstream by 608.8% in the 1st quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company’s stock worth $2,121,000 after buying an additional 129,561 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Antero Midstream by 10.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after buying an additional 34,222 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Antero Midstream by 5.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after buying an additional 184,911 shares during the last quarter. 53.97% of the stock is currently 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.