Antero Midstream (NYSE:AM) Stock Rating Lowered by Wells Fargo & Company

Antero Midstream (NYSE:AM) was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a report issued on Wednesday, MarketBeat.com reports. They presently have a $16.00 price objective on the pipeline company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 10.12% from the company’s current price.

AM has been the topic of several other research reports. Morgan Stanley lifted their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th.

Antero Midstream Trading Up 2.2 %

AM opened at $14.53 on Wednesday. The business’s 50-day simple moving average is $15.20 and its 200-day simple moving average is $14.85. The company has a market cap of $6.99 billion, a P/E ratio of 17.94 and a beta of 2.39. Antero Midstream has a one year low of $11.58 and a one year high of $16.00. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Insider Activity

In related news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,086,306. This represents a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

Institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in shares of Antero Midstream during the third quarter valued at approximately $38,000. Blue Trust Inc. lifted its stake in shares of Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 1,857 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Antero Midstream during the third quarter worth $48,000. First Horizon Advisors Inc. grew its position in shares of Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after purchasing an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in Antero Midstream in the second quarter valued at $55,000. 53.97% of the stock is owned by institutional investors and hedge funds.

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.