Antero Midstream Corporation (NYSE:AM) Receives Average Recommendation of “Hold” from Brokerages

Antero Midstream Corporation (NYSE:AM) has been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $21.3333.

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Antero Midstream in a research note on Monday, December 29th. Wells Fargo & Company increased their price target on Antero Midstream from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Zacks Research lowered Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Morgan Stanley upped their price objective on Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 12th. Finally, The Goldman Sachs Group raised their target price on shares of Antero Midstream from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th.

Antero Midstream Trading Up 0.4%

Shares of NYSE:AM opened at $22.45 on Monday. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 26.10 and a beta of 0.77. Antero Midstream has a 12 month low of $15.07 and a 12 month high of $22.57. The company’s fifty day simple moving average is $19.09 and its 200 day simple moving average is $18.47. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 1.63.

Antero Midstream (NYSE:AM) last released its earnings results on Wednesday, February 11th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Antero Midstream had a return on equity of 20.12% and a net margin of 34.77%.The firm had revenue of $297.00 million during the quarter, compared to analysts’ expectations of $292.46 million. During the same quarter in the prior year, the company earned $0.23 EPS. The company’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts forecast that Antero Midstream will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.0%. The ex-dividend date was Wednesday, January 28th. Antero Midstream’s dividend payout ratio (DPR) is 104.65%.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total transaction of $87,950.00. Following the completion of the transaction, the director directly owned 72,622 shares of the company’s stock, valued at $1,277,420.98. The trade was a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Antero Midstream

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Antero Midstream by 0.3% in the third quarter. Vanguard Group Inc. now owns 37,213,184 shares of the pipeline company’s stock valued at $723,424,000 after acquiring an additional 124,102 shares during the last quarter. Invesco Ltd. increased its stake in shares of Antero Midstream by 3.4% in the 4th quarter. Invesco Ltd. now owns 23,444,026 shares of the pipeline company’s stock valued at $417,069,000 after purchasing an additional 776,791 shares during the last quarter. State Street Corp raised its holdings in shares of Antero Midstream by 1.7% during the 4th quarter. State Street Corp now owns 11,337,298 shares of the pipeline company’s stock worth $201,691,000 after buying an additional 187,912 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Antero Midstream by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 10,472,491 shares of the pipeline company’s stock worth $186,328,000 after buying an additional 1,161,684 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Antero Midstream by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 9,224,028 shares of the pipeline company’s stock valued at $179,316,000 after buying an additional 71,606 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

About Antero Midstream

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.