Antero Midstream (NYSE:AM) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Antero Midstream (NYSE:AM - Free Report) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Other research analysts have also issued reports about the stock. Wells Fargo & Company lowered shares of Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price target on the stock. in a research note on Wednesday. Morgan Stanley lifted their target price on Antero Midstream from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Tuesday, August 27th.

Antero Midstream Stock Up 2.2 %

Shares of Antero Midstream stock traded up $0.31 during trading hours on Thursday, reaching $14.53. 4,894,695 shares of the company were exchanged, compared to its average volume of 2,673,924. The firm has a market cap of $6.99 billion, a PE ratio of 17.94 and a beta of 2.39. The stock's fifty day moving average is $15.21 and its 200 day moving average is $14.85. Antero Midstream has a 1 year low of $11.58 and a 1 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.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 6.19%. Antero Midstream's payout ratio is 111.11%.

Insider Activity

In other news, Director Brooks J. Klimley sold 10,000 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were 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 in the company, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Antero Midstream

Several institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new position in Antero Midstream in the third quarter valued at approximately $680,000. Coldstream Capital Management Inc. lifted its stake in Antero Midstream by 6.1% in the third quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company's stock valued at $185,000 after acquiring an additional 705 shares during the last quarter. Geode Capital Management LLC raised its stake in Antero Midstream by 4.3% in the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company's stock valued at $91,549,000 after buying an additional 251,987 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in Antero Midstream by 20.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 71,500 shares of the pipeline company's stock valued at $1,076,000 after acquiring an additional 12,099 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Antero Midstream during the 3rd quarter worth approximately $256,000. 53.97% of the stock is owned by institutional investors.

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.