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

Antero Midstream Co. (NYSE:AM) was the target of a large increase in short interest in 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 daily trading volume, of 2,980,000 shares, the days-to-cover ratio is currently 5.0 days. Currently, 4.5% of the shares of the stock are short sold.

Antero Midstream Trading Up 0.1 %

AM traded up $0.02 during trading on Thursday, reaching $17.74. The company had a trading volume of 66,589 shares, compared to its average volume of 2,603,833. The stock has a market cap of $8.49 billion, a P/E ratio of 21.37 and a beta of 2.33. The business has a 50 day simple moving average of $16.42 and a 200-day simple moving average of $15.59. Antero Midstream has a 52 week low of $13.12 and a 52 week high of $17.75. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts anticipate that Antero Midstream will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.07%. Antero Midstream’s dividend payout ratio (DPR) is 108.43%.

Institutional Trading of Antero Midstream

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Antero Midstream by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 35,868,153 shares of the pipeline company’s stock worth $541,250,000 after purchasing an additional 96,788 shares during the last quarter. State Street Corp lifted its position in shares of Antero Midstream by 1.5% during the third 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 during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Antero Midstream by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company’s stock valued at $137,516,000 after acquiring an additional 71,361 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Antero Midstream by 2.0% in 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 acquiring an additional 135,886 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Antero Midstream by 0.4% in 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 acquiring an additional 25,001 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Wells Fargo & Company raised their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th.

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.