Antero Midstream Co. (NYSE:AM) Short Interest Down 5.7% in December

Antero Midstream Co. (NYSE:AM) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 12,480,000 shares, a drop of 5.7% from the December 15th total of 13,240,000 shares. Based on an average daily trading volume, of 2,660,000 shares, the days-to-cover ratio is currently 4.7 days. Approximately 3.7% of the company’s shares are sold short.

Antero Midstream Stock Up 1.0 %

Shares of AM stock opened at $16.49 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week high of $16.58. The firm has a market capitalization of $7.94 billion, a PE ratio of 20.36 and a beta of 2.34. The stock’s 50-day simple moving average is $15.40 and its 200-day simple moving average is $14.99.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.46%. The ex-dividend date is Wednesday, January 29th. Antero Midstream’s payout ratio is 111.11%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AM. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research note on Wednesday, December 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

Insider Activity at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. This represents a 11.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Institutional Trading of Antero Midstream

A number of hedge funds have recently modified their holdings of AM. Choreo LLC acquired a new position in shares of Antero Midstream in the 2nd quarter valued at $229,000. Federated Hermes Inc. increased its holdings in Antero Midstream by 28.5% in the second quarter. Federated Hermes Inc. now owns 45,569 shares of the pipeline company’s stock valued at $672,000 after buying an additional 10,101 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Antero Midstream by 4.9% in the second quarter. Envestnet Asset Management Inc. now owns 462,726 shares of the pipeline company’s stock worth $6,821,000 after acquiring an additional 21,552 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Antero Midstream by 25.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,038 shares of the pipeline company’s stock worth $841,000 after acquiring an additional 11,626 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Antero Midstream during the 2nd quarter valued at about $1,980,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

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.