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

StockNews.com lowered shares of Antero Midstream (NYSE:AM) from a buy rating to a hold rating in a research note published on Saturday.

Separately, Wells Fargo & Company boosted their price target on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th.

Antero Midstream Trading Up 2.6 %

Shares of Antero Midstream stock opened at $17.45 on Friday. The stock has a market cap of $8.35 billion, a P/E ratio of 21.02 and a beta of 2.33. 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 12-month low of $13.12 and a 12-month high of $17.47. The business’s 50 day moving average is $16.34 and its 200-day moving average is $15.55.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. Equities research analysts predict that Antero Midstream will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.16%. Antero Midstream’s dividend payout ratio is presently 108.43%.

Hedge Funds Weigh In On Antero Midstream

Hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. increased its position in Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after purchasing an additional 1,000 shares during the period. Brooklyn Investment Group bought a new stake in shares of Antero Midstream in the 3rd quarter valued at $48,000. TD Waterhouse Canada Inc. increased its position in shares of Antero Midstream by 20.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock worth $85,000 after buying an additional 963 shares during the period. Blue Trust Inc. raised its stake in Antero Midstream by 84.3% during the fourth quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock worth $86,000 after buying an additional 2,612 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Antero Midstream by 44.5% in the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after buying an additional 1,962 shares during the period. Institutional investors and hedge funds 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.