Short Interest in Antero Midstream Co. (NYSE:AM) Grows By 10.2%

Antero Midstream Co. (NYSE:AM - Get Free Report) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 13,180,000 shares, a growth of 10.2% from the November 15th total of 11,960,000 shares. Based on an average daily volume of 2,810,000 shares, the short-interest ratio is currently 4.7 days. Approximately 3.9% of the company's stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AM shares. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Wednesday. Morgan Stanley boosted their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 27th.

Antero Midstream Stock Performance

Shares of Antero Midstream stock traded up $0.05 on Friday, reaching $15.11. The stock had a trading volume of 2,265,798 shares, compared to its average volume of 2,668,011. 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 50-day moving average price is $15.27 and its two-hundred day moving average price is $14.85. The stock has a market cap of $7.27 billion, a P/E ratio of 18.65 and a beta of 2.39. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week high of $16.00.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream's dividend payout ratio (DPR) is 111.11%.

Insider Activity

In other news, Director Brooks J. Klimley sold 10,000 shares of the business'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 transaction, the director now directly owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On Antero Midstream

Several hedge funds and other institutional investors have recently made changes to their positions in AM. Ashton Thomas Securities LLC bought a new position in Antero Midstream during the third quarter worth $38,000. Blue Trust Inc. increased its holdings in shares of Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock worth $46,000 after purchasing an additional 1,857 shares during the period. Brooklyn Investment Group acquired a new position in shares of Antero Midstream during the third quarter valued at about $48,000. First Horizon Advisors Inc. lifted its stake in shares of Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company's stock valued at $52,000 after buying an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in Antero Midstream during the second quarter worth about $55,000. 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.