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 released on Tuesday morning.

Separately, Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a research report on Wednesday, December 18th.

Antero Midstream Stock Down 0.6 %

AM stock opened at $16.05 on Tuesday. The firm’s 50-day simple moving average is $15.57 and its 200 day simple moving average is $15.11. The stock has a market cap of $7.72 billion, a PE ratio of 19.81 and a beta of 2.31. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week high of $16.86.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.61%. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

Hedge Funds Weigh In On Antero Midstream

Large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its position in shares of Antero Midstream by 10.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock valued at $5,402,000 after purchasing an additional 34,222 shares in the last quarter. Van ECK Associates Corp lifted its stake in Antero Midstream by 98.6% during the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock valued at $2,564,000 after buying an additional 86,001 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after buying an additional 203,967 shares in the last quarter. Creative Planning lifted its stake in Antero Midstream by 43.5% during the third quarter. Creative Planning now owns 109,118 shares of the pipeline company’s stock valued at $1,642,000 after buying an additional 33,054 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Antero Midstream by 74.5% during the third quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after buying an additional 293,238 shares in the last quarter. 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.