Antero Midstream Co. (NYSE:AM) Declares Quarterly Dividend of $0.23

Antero Midstream Co. (NYSE:AM) declared a quarterly dividend on Tuesday, January 14th,Wall Street Journal reports. Shareholders of record on Wednesday, January 29th will be given a dividend of 0.225 per share by the pipeline company on Wednesday, February 12th. This represents a $0.90 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date is Wednesday, January 29th.

Antero Midstream has decreased its dividend by an average of 2.9% per year over the last three years. Antero Midstream has a dividend payout ratio of 82.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Antero Midstream to earn $0.96 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 93.8%.

Antero Midstream Stock Performance

Shares of NYSE AM remained flat at $16.13 during midday trading on Wednesday. 2,919,497 shares of the stock were exchanged, compared to its average volume of 2,245,921. The stock has a fifty day simple moving average of $15.34 and a 200 day simple moving average of $14.95. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $7.76 billion, a PE ratio of 19.91 and a beta of 2.34. Antero Midstream has a 12 month low of $11.58 and a 12 month high of $16.35.

Insider Buying and Selling at Antero Midstream

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

Analyst Ratings Changes

AM has been the topic of several analyst reports. Wells Fargo & Company cut shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a research report on Wednesday, December 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

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.