Antero Midstream (NYSE:AM) Upgraded at StockNews.com

StockNews.com upgraded shares of Antero Midstream (NYSE:AM) from a hold rating to a buy rating in a report released on Wednesday.

Separately, Morgan Stanley raised their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Tuesday, August 27th.

Antero Midstream Stock Performance

Shares of NYSE:AM opened at $15.12 on Wednesday. Antero Midstream has a 1 year low of $11.58 and a 1 year high of $16.00. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 18.66 and a beta of 2.39. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50 day simple moving average is $15.27 and its 200 day simple moving average is $14.84.

Antero Midstream Announces Dividend

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

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream 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 of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

Institutional Trading of Antero Midstream

A number of institutional investors and hedge funds have recently modified their holdings of AM. Ashton Thomas Securities LLC purchased a new position in Antero Midstream in the third quarter valued at about $38,000. Blue Trust Inc. lifted its stake in Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,857 shares during the last quarter. Brooklyn Investment Group purchased a new position in Antero Midstream in the third quarter valued at approximately $48,000. First Horizon Advisors Inc. grew its holdings in Antero Midstream by 24.2% during the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after purchasing an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new stake in Antero Midstream in the second quarter worth $55,000. 53.97% of the stock is 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.