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

Antero Midstream Co. (NYSE:AMGet Free Report) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 12,480,000 shares, a decrease of 5.7% from the December 15th total of 13,240,000 shares. Based on an average daily volume of 2,660,000 shares, the short-interest ratio is presently 4.7 days. Approximately 3.7% of the shares of the company are sold short.

Antero Midstream Trading Up 1.0 %

NYSE AM opened at $16.49 on Monday. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 20.36 and a beta of 2.34. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. Antero Midstream has a one year low of $11.58 and a one year high of $16.58. The company’s 50 day moving average price is $15.40 and its 200 day moving average price is $14.99.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.46%. Antero Midstream’s payout ratio is 111.11%.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the business’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. The trade was a 11.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by insiders.

Institutional Trading of Antero Midstream

Several large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new stake in Antero Midstream in the third quarter valued at approximately $38,000. Financial Management Professionals Inc. grew its holdings in Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after purchasing an additional 1,000 shares in the last quarter. Blue Trust Inc. increased its stake in Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after buying an additional 1,857 shares during the period. Brooklyn Investment Group acquired a new position in Antero Midstream in the 3rd quarter worth $48,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Antero Midstream in the 2nd quarter valued at about $55,000. 53.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Read Our Latest Report on Antero Midstream

Antero Midstream Company Profile

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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.

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