Antero Midstream (NYSE:AM) Upgraded at Capital One Financial

Capital One Financial upgraded shares of Antero Midstream (NYSE:AM) from an equal weight rating to an overweight rating in a research report report published on Tuesday morning, MarketBeat Ratings reports. The firm currently has $25.00 target price on the pipeline company’s stock.

A number of other research analysts also recently issued reports on the company. UBS Group lowered their price target on Antero Midstream from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday. Weiss Ratings upgraded Antero Midstream from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, September 17th. The Goldman Sachs Group set a $24.00 target price on Antero Midstream in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company upped their target price on shares of Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.20.

Antero Midstream Price Performance

Shares of AM opened at $21.21 on Tuesday. Antero Midstream has a twelve month low of $16.96 and a twelve month high of $23.83. The company has a market capitalization of $10.07 billion, a P/E ratio of 25.25 and a beta of 0.65. The firm has a 50 day moving average of $22.08 and a 200 day moving average of $22.08. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $327.24 million for the quarter, compared to analysts’ expectations of $326.43 million. Antero Midstream had a return on equity of 20.19% and a net margin of 32.41%.The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. As a group, equities research analysts anticipate that Antero Midstream will post 1.09 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Wednesday, July 29th were issued a dividend of $0.2250 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, July 29th. Antero Midstream’s dividend payout ratio is presently 107.14%.

Insiders Place Their Bets

In related news, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $21.27, for a total transaction of $106,350.00. Following the completion of the sale, the director owned 68,204 shares in the company, valued at approximately $1,450,699.08. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sheri Pearce sold 16,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total value of $352,160.00. Following the completion of the transaction, the insider directly owned 83,900 shares in the company, valued at approximately $1,846,639. This represents a 16.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Continuum Advisory LLC bought a new position in shares of Antero Midstream in the 2nd quarter worth approximately $25,000. Clearstead Trust LLC bought a new stake in Antero Midstream during the second quarter valued at approximately $30,000. Larson Financial Group LLC grew its position in Antero Midstream by 68.1% during the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock valued at $31,000 after buying an additional 708 shares during the period. Ancora Advisors LLC bought a new stake in Antero Midstream during the second quarter valued at approximately $38,000. Finally, Root Financial Partners LLC increased its holdings in Antero Midstream by 36.4% during the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock valued at $46,000 after buying an additional 537 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Company Profile

Antero Midstream Corp. (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production. The company provides gathering, compression, processing and water-handling services, primarily for Antero Resources and other producers.

Antero Midstream’s gathering and compression assets collect production from wells and transport it to processing and downstream markets. Its water business provides fresh-water delivery and wastewater handling services, including the gathering, recycling and disposal of water used in hydraulic fracturing and other production activities.

The company’s operations are concentrated in the Appalachian Basin, particularly in the Marcellus and Utica shale areas of West Virginia and Ohio.