Antero Midstream Co. (NYSE:AM) Sees Large Growth in Short Interest

Antero Midstream Co. (NYSE:AM) was the target 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. Based on an average trading volume of 2,810,000 shares, the short-interest ratio is presently 4.7 days. Approximately 3.9% of the company’s shares are sold short.

Antero Midstream Trading Down 1.5 %

NYSE:AM opened at $14.88 on Tuesday. Antero Midstream has a one year low of $11.58 and a one year high of $16.00. The business has a fifty day moving average price of $15.26 and a 200-day moving average price of $14.85. The firm 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 Announces Dividend

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

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the sale, the director now directly owns 74,100 shares in the company, 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. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Antero Midstream

A number of institutional investors and hedge funds have recently bought and sold shares of AM. Advisors Asset Management Inc. boosted its position in shares of Antero Midstream by 10.5% during the third quarter. Advisors Asset Management Inc. now owns 358,928 shares of the pipeline company’s stock worth $5,402,000 after acquiring an additional 34,222 shares during the last quarter. Van ECK Associates Corp lifted its stake in Antero Midstream by 98.6% in the 3rd quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company’s stock worth $2,564,000 after purchasing an additional 86,001 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Antero Midstream by 5.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock valued at $49,516,000 after purchasing an additional 184,911 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its position in shares of Antero Midstream by 23.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 457,121 shares of the pipeline company’s stock valued at $6,738,000 after purchasing an additional 85,416 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Antero Midstream in the second quarter worth about $559,000. 53.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AM has been the subject of several recent analyst reports. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley upped their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream Company Profile

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.