Analysts Set Antero Midstream Corporation (NYSE:AM) Price Target at $19.17

Antero Midstream Corporation (NYSE:AM) has been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $19.1667.

AM has been the topic of several analyst reports. Morgan Stanley lifted their target price on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a research report on Wednesday, November 12th. Wall Street Zen lowered Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. Wells Fargo & Company boosted their price objective on Antero Midstream from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 23rd. Finally, Zacks Research lowered shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd.

Insider Buying and Selling at Antero Midstream

In other 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 sale, the director directly owned 72,622 shares of the company’s stock, valued at approximately $1,277,420.98. The trade was a 6.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

Large investors have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Antero Midstream by 0.8% during the 1st quarter. Royal Bank of Canada now owns 180,928 shares of the pipeline company’s stock valued at $3,256,000 after purchasing an additional 1,371 shares during the last quarter. AQR Capital Management LLC lifted its stake in Antero Midstream by 174.9% in the first quarter. AQR Capital Management LLC now owns 83,752 shares of the pipeline company’s stock worth $1,508,000 after acquiring an additional 53,281 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Antero Midstream by 56.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock worth $69,739,000 after purchasing an additional 1,400,368 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Antero Midstream by 4.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 946,082 shares of the pipeline company’s stock worth $17,029,000 after buying an additional 43,335 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Antero Midstream by 5.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 61,196 shares of the pipeline company’s stock valued at $1,160,000 after purchasing an additional 3,147 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Stock Up 3.0%

Shares of NYSE:AM opened at $19.75 on Thursday. The business’s 50 day simple moving average is $18.14 and its two-hundred day simple moving average is $18.13. Antero Midstream has a 52-week low of $15.07 and a 52-week high of $19.82. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $9.41 billion, a P/E ratio of 20.15 and a beta of 0.81.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, January 28th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, January 28th. Antero Midstream’s dividend payout ratio (DPR) is currently 91.84%.

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.