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

Antero Midstream Co. (NYSE:AM) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 14,940,000 shares, an increase of 20.2% from the February 13th total of 12,430,000 shares. Based on an average trading volume of 2,980,000 shares, the short-interest ratio is currently 5.0 days. Approximately 4.5% of the company’s stock are sold short.

Antero Midstream Stock Performance

NYSE:AM traded down $0.01 during trading hours on Tuesday, reaching $17.43. The company had a trading volume of 3,271,968 shares, compared to its average volume of 2,610,316. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 20.99 and a beta of 2.33. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm’s 50 day moving average price is $16.38 and its 200-day moving average price is $15.57. Antero Midstream has a 52 week low of $13.12 and a 52 week high of $17.64.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. On average, analysts forecast that Antero Midstream will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s payout ratio is 108.43%.

Institutional Trading of Antero Midstream

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Antero Midstream by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company’s stock worth $541,250,000 after acquiring an additional 96,788 shares during the last quarter. State Street Corp increased its stake in shares of Antero Midstream by 1.5% in the 3rd quarter. State Street Corp now owns 11,086,787 shares of the pipeline company’s stock worth $166,856,000 after purchasing an additional 160,593 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Antero Midstream by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company’s stock worth $137,516,000 after purchasing an additional 71,361 shares during the period. Tortoise Capital Advisors L.L.C. lifted its position in Antero Midstream by 2.0% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 7,069,598 shares of the pipeline company’s stock valued at $106,680,000 after purchasing an additional 135,886 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Antero Midstream by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 6,106,502 shares of the pipeline company’s stock valued at $92,174,000 after purchasing an additional 25,001 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AM has been the topic of several recent analyst reports. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company lifted their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th.

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.