Antero Midstream Co. (NYSE:AM) Short Interest Down 5.7% in December

Antero Midstream Co. (NYSE:AM - Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 12,480,000 shares, a decrease of 5.7% from the December 15th total of 13,240,000 shares. Currently, 3.7% of the shares of the stock are short sold. Based on an average daily volume of 2,660,000 shares, the short-interest ratio is currently 4.7 days.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 10,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the transaction, the director now owns 74,100 shares of the company's stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On Antero Midstream

Several large investors have recently added to or reduced their stakes in AM. Ashton Thomas Securities LLC bought a new position in Antero Midstream in the third quarter worth approximately $38,000. Financial Management Professionals Inc. boosted its holdings in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock worth $41,000 after acquiring an additional 1,000 shares in the last quarter. Blue Trust Inc. boosted its holdings in Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock worth $46,000 after acquiring an additional 1,857 shares in the last quarter. Brooklyn Investment Group bought a new position in Antero Midstream in the third quarter worth approximately $48,000. Finally, Abich Financial Wealth Management LLC bought a new position in Antero Midstream in the second quarter worth approximately $55,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Antero Midstream Trading Up 1.0 %

NYSE AM traded up $0.16 during trading hours on Friday, hitting $16.49. 2,939,308 shares of the company's stock were exchanged, compared to its average volume of 2,212,363. The stock has a 50-day simple moving average of $15.40 and a 200 day simple moving average of $14.99. Antero Midstream has a 1-year low of $11.58 and a 1-year high of $16.58. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 20.36 and a beta of 2.34. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.46%. Antero Midstream's dividend payout ratio is currently 111.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com cut Antero Midstream from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Wells Fargo & Company cut Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 price target for the company. in a research note on Wednesday, December 18th.

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.