Antero Midstream Co. (NYSE:AM) Short Interest Update

Antero Midstream Co. (NYSE:AM) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 13,180,000 shares, an increase of 10.2% from the November 15th total of 11,960,000 shares. Currently, 3.9% of the company’s stock are short sold. Based on an average trading volume of 2,810,000 shares, the days-to-cover ratio is currently 4.7 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley lifted their price target on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th.

Insider Activity

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the transaction, the director now directly owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in shares of Antero Midstream by 10.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock valued at $5,402,000 after purchasing an additional 34,222 shares during the last quarter. Van ECK Associates Corp increased its holdings in Antero Midstream by 98.6% during the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after buying an additional 86,001 shares during the last quarter. Westwood Holdings Group Inc. raised its position in Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after acquiring an additional 184,911 shares during the period. Susquehanna Fundamental Investments LLC boosted its stake in Antero Midstream by 23.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock valued at $6,738,000 after acquiring an additional 85,416 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Antero Midstream in the second quarter valued at about $559,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

AM opened at $14.88 on Tuesday. The firm’s fifty day moving average price is $15.26 and its two-hundred day moving average price is $14.85. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 18.37 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. Antero Midstream has a 1 year low of $11.58 and a 1 year high of $16.00.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

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.