Antero Midstream Co. (NYSE:AM) to Issue Quarterly Dividend of $0.23

Antero Midstream Co. (NYSE:AM) announced a quarterly dividend on Wednesday, January 15th,Wall Street Journal reports. Investors of record on Wednesday, January 29th will be paid a dividend of 0.225 per share by the pipeline company on Wednesday, February 12th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date is Wednesday, January 29th.

Antero Midstream has decreased its dividend payment by an average of 2.9% per year over the last three years. Antero Midstream has a payout ratio of 82.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Antero Midstream to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 93.8%.

Antero Midstream Price Performance

NYSE AM remained flat at $16.13 during trading on Wednesday. The company’s stock had a trading volume of 2,194,018 shares, compared to its average volume of 2,083,372. The stock has a 50 day moving average of $15.34 and a two-hundred day moving average of $14.95. Antero Midstream has a fifty-two week low of $11.58 and a fifty-two week high of $16.35. The company has a market capitalization of $7.76 billion, a PE ratio of 19.91 and a beta of 2.34. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09.

Insider Buying and Selling

In other news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the sale, the director now owns 74,100 shares of the company’s stock, valued at approximately $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 accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AM shares. Wells Fargo & Company cut shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a research report on Wednesday, December 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

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.