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

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

Separately, Morgan Stanley increased their target price 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 AM stock opened at $15.12 on Wednesday. The firm’s 50 day moving average is $15.27 and its 200 day moving average is $14.84. The stock has a market capitalization of $7.28 billion, a P/E ratio of 18.66 and a beta of 2.39. Antero Midstream has a 12 month low of $11.58 and a 12 month high of $16.00. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio is presently 111.11%.

Insider Activity

In related news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Antero Midstream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new stake in Antero Midstream during the third quarter valued at approximately $38,000. Blue Trust Inc. raised its position 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 valued at $46,000 after buying an additional 1,857 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Antero Midstream during the 3rd quarter valued at $48,000. First Horizon Advisors Inc. lifted its holdings in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 688 shares during the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in Antero Midstream in the second quarter worth $55,000. 53.97% of the stock is currently owned by hedge funds and other 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.