Antero Midstream (NYSE:AM) Price Target Raised to $17.00 at Wells Fargo & Company

Antero Midstream (NYSE:AM - Free Report) had its price target boosted by Wells Fargo & Company from $16.00 to $17.00 in a research note published on Tuesday, MarketBeat Ratings reports. They currently have an overweight rating on the pipeline company's stock.

Separately, StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Tuesday, February 4th.

Antero Midstream Stock Down 1.8 %

Shares of AM traded down $0.30 during mid-day trading on Tuesday, hitting $16.27. The company's stock had a trading volume of 2,541,919 shares, compared to its average volume of 2,861,426. The company's 50-day moving average is $15.83 and its 200-day moving average is $15.28. Antero Midstream has a 52-week low of $12.78 and a 52-week high of $16.99. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 19.60 and a beta of 2.31. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47.

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

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.53%. Antero Midstream's dividend payout ratio (DPR) is presently 108.44%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Forum Financial Management LP raised its stake in shares of Antero Midstream by 23.0% during the 4th quarter. Forum Financial Management LP now owns 18,833 shares of the pipeline company's stock worth $284,000 after acquiring an additional 3,519 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Antero Midstream by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 902,747 shares of the pipeline company's stock worth $13,622,000 after acquiring an additional 32,713 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of Antero Midstream by 4.1% during the 4th quarter. Voloridge Investment Management LLC now owns 1,522,766 shares of the pipeline company's stock worth $22,979,000 after acquiring an additional 59,704 shares in the last quarter. Vident Advisory LLC bought a new position in shares of Antero Midstream during the 4th quarter worth approximately $2,869,000. Finally, Two Sigma Investments LP raised its stake in shares of Antero Midstream by 86.2% during the 4th quarter. Two Sigma Investments LP now owns 185,053 shares of the pipeline company's stock worth $2,792,000 after acquiring an additional 85,653 shares in the last quarter. Institutional investors own 53.97% of the company's stock.

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.