Antero Midstream (NYSE:AM) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Antero Midstream (NYSE:AM - Free Report) from a buy rating to a hold rating in a report published on Tuesday.

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

Antero Midstream Stock Performance

Shares of AM traded down $0.03 during trading hours on Tuesday, hitting $15.47. The stock had a trading volume of 2,738,851 shares, compared to its average volume of 2,166,437. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week 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. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 19.10 and a beta of 2.34. The firm has a 50-day moving average price of $15.22 and a 200 day moving average price of $14.92.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream's payout ratio is 111.11%.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the transaction, the director now 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 SEC, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Antero Midstream

Hedge funds have recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Antero Midstream in the third quarter worth about $38,000. Blue Trust Inc. increased its stake in Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock valued at $46,000 after buying an additional 1,857 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Antero Midstream in the third quarter valued at $48,000. Abich Financial Wealth Management LLC bought a new stake in shares of Antero Midstream in the 2nd quarter valued at about $55,000. Finally, GAMMA Investing LLC raised its stake 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. 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.