Antero Midstream (NYSE:AM) Price Target Raised to $16.00

Antero Midstream (NYSE:AM) had its price objective increased by Morgan Stanley from $15.00 to $16.00 in a research report report published on Tuesday morning, Benzinga reports. Morgan Stanley currently has an underweight rating on the pipeline company’s stock.

Separately, StockNews.com lowered Antero Midstream from a buy rating to a hold rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $13.88.

Antero Midstream Stock Performance

AM stock opened at $14.73 on Tuesday. The company has a market cap of $7.09 billion, a P/E ratio of 18.41 and a beta of 2.38. Antero Midstream has a 1 year low of $11.50 and a 1 year high of $15.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.89 and a quick ratio of 1.25. The stock’s fifty day moving average price is $14.52 and its 200-day moving average price is $14.13.

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

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend was Wednesday, July 24th. Antero Midstream’s payout ratio is 112.50%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the transaction, the insider now owns 130,349 shares in the company, valued at $1,901,791.91. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its holdings in Antero Midstream by 24.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 688 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in Antero Midstream by 1.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock valued at $1,158,000 after acquiring an additional 798 shares during the last quarter. Advisory Services Network LLC raised its holdings in Antero Midstream by 3.3% in the 4th quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company’s stock valued at $339,000 after acquiring an additional 871 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in Antero Midstream by 3.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 27,708 shares of the pipeline company’s stock valued at $347,000 after acquiring an additional 1,042 shares during the last quarter. Finally, Retirement Systems of Alabama raised its holdings in Antero Midstream by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 427,703 shares of the pipeline company’s stock valued at $6,014,000 after acquiring an additional 1,123 shares during the last quarter. 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.