StockNews.com Lowers Antero Midstream (NYSE:AM) to Hold

StockNews.com lowered shares of Antero Midstream (NYSE:AM) from a buy rating to a hold rating in a research report sent to investors on Monday.

Antero Midstream Stock Performance

NYSE:AM opened at $14.07 on Monday. The firm has a market capitalization of $6.77 billion, a PE ratio of 17.58 and a beta of 2.38. The business’s fifty day moving average price is $14.54 and its 200 day moving average price is $13.89. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.89 and a quick ratio of 1.25. Antero Midstream has a 12 month low of $11.50 and a 12 month high of $15.21.

Antero Midstream (NYSE:AM) last posted its earnings results on Wednesday, July 31st. The pipeline company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). Antero Midstream had a net margin of 36.19% and a return on equity of 20.02%. The business had revenue of $269.70 million during the quarter, compared to analysts’ expectations of $274.66 million. During the same period last year, the company earned $0.22 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Antero Midstream will post 0.86 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $0.90 annualized dividend and a yield of 6.40%. Antero Midstream’s dividend payout ratio is presently 112.50%.

Institutional Investors Weigh In On Antero Midstream

Several hedge funds have recently made changes to their positions in the business. Raymond James & Associates increased its holdings in Antero Midstream by 112.2% in the fourth quarter. Raymond James & Associates now owns 108,116 shares of the pipeline company’s stock valued at $1,355,000 after buying an additional 57,155 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in Antero Midstream in the fourth quarter valued at about $127,000. Sequoia Financial Advisors LLC increased its holdings in Antero Midstream by 6.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 17,429 shares of the pipeline company’s stock valued at $218,000 after buying an additional 1,006 shares in the last quarter. Cerity Partners LLC purchased a new position in Antero Midstream in the fourth quarter valued at about $292,000. Finally, Simplicity Solutions LLC purchased a new position in Antero Midstream in the fourth quarter valued at about $127,000. Institutional investors and hedge funds 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.