Antero Midstream Co. (NYSE:AM) Short Interest Update

Antero Midstream Co. (NYSE:AM) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 8,940,000 shares, a decrease of 36.1% from the March 15th total of 13,980,000 shares. Approximately 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 3,740,000 shares, the short-interest ratio is presently 2.4 days.

Hedge Funds Weigh In On Antero Midstream

A number of hedge funds have recently modified their holdings of AM. Guild Investment Management Inc. purchased a new position in Antero Midstream during the 4th quarter worth $1,883,000. JPMorgan Chase & Co. increased its position in Antero Midstream by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after acquiring an additional 203,967 shares during the period. Commonwealth Equity Services LLC raised its stake in Antero Midstream by 45.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 124,701 shares of the pipeline company’s stock valued at $1,882,000 after acquiring an additional 39,048 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Antero Midstream during the 4th quarter worth approximately $226,000. Finally, Empowered Funds LLC grew its stake in shares of Antero Midstream by 4.3% in the 4th quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company’s stock valued at $636,000 after purchasing an additional 1,751 shares during the last quarter. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Antero Midstream Stock Performance

Shares of Antero Midstream stock opened at $17.15 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. Antero Midstream has a 52 week low of $13.12 and a 52 week high of $18.49. The firm’s 50 day moving average is $16.91 and its two-hundred day moving average is $15.97. The firm has a market capitalization of $8.21 billion, a P/E ratio of 20.67 and a beta of 1.99.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share 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%. Research analysts forecast that Antero Midstream will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Wednesday, April 23rd. Antero Midstream’s dividend payout ratio is currently 108.43%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd.

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.