Antero Midstream (NYSE:AM) Price Target Raised to $17.00

Antero Midstream (NYSE:AM) had its price objective lifted by Wells Fargo & Company from $16.00 to $17.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. Wells Fargo & Company currently has an overweight rating on the pipeline company’s stock.

Separately, StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th.

Antero Midstream Stock Down 1.3 %

Shares of NYSE AM opened at $16.55 on Tuesday. The stock has a 50 day moving average price of $15.81 and a 200 day moving average price of $15.26. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 19.94 and a beta of 2.31. Antero Midstream has a 52-week low of $12.50 and a 52-week high of $16.99. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. Sell-side analysts expect that Antero Midstream will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.44%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s payout ratio is 108.44%.

Institutional Investors Weigh In On Antero Midstream

A number of institutional investors have recently added to or reduced their stakes in AM. Advisors Asset Management Inc. lifted its position in shares of Antero Midstream by 10.5% during the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock valued at $5,402,000 after buying an additional 34,222 shares during the last quarter. Van ECK Associates Corp lifted its position in Antero Midstream by 98.6% during the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock valued at $2,564,000 after acquiring an additional 86,001 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after acquiring an additional 203,967 shares in the last quarter. Creative Planning grew its holdings in Antero Midstream by 43.5% in the third quarter. Creative Planning now owns 109,118 shares of the pipeline company’s stock worth $1,642,000 after purchasing an additional 33,054 shares during the last quarter. Finally, Columbus Macro LLC purchased a new position in Antero Midstream in the fourth quarter worth $6,977,000. Institutional investors own 53.97% of the company’s stock.

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.