StockNews.com upgraded shares of Antero Midstream (NYSE:AM - Free Report) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.
Separately, Wells Fargo & Company lowered Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price target on the stock. in a research report on Wednesday, December 18th.
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Antero Midstream Stock Up 0.4 %
Shares of NYSE AM traded up $0.06 during midday trading on Tuesday, reaching $16.11. 1,606,187 shares of the company's stock were exchanged, compared to its average volume of 2,609,920. The stock has a market capitalization of $7.75 billion, a PE ratio of 19.89 and a beta of 2.31. Antero Midstream has a 52-week low of $11.58 and a 52-week high of $16.86. 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 business's fifty day moving average price is $15.59 and its two-hundred day moving average price is $15.13.
Antero Midstream Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend is Wednesday, January 29th. Antero Midstream's dividend payout ratio is presently 111.11%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in Antero Midstream in the third quarter worth about $38,000. Financial Management Professionals Inc. boosted its holdings in shares of Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after acquiring an additional 1,000 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock valued at $46,000 after acquiring an additional 1,857 shares during the period. Brooklyn Investment Group bought a new stake in Antero Midstream during the third quarter worth approximately $48,000. Finally, Abich Financial Wealth Management LLC lifted its position in Antero Midstream by 21.9% in the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company's stock worth $68,000 after purchasing an additional 818 shares during the period. Institutional investors and hedge funds own 53.97% of the company's stock.
About Antero Midstream
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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.
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