Short Interest in Antero Midstream Co. (NYSE:AM) Increases By 10.2%

Antero Midstream Co. (NYSE:AM) was the recipient of a significant increase in short interest during the month of 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. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily volume of 2,810,000 shares, the days-to-cover ratio is currently 4.7 days.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AM. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their target price on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now directly owns 74,100 shares in the company, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.61% of the company’s stock.

Institutional Trading of Antero Midstream

Several large investors have recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Antero Midstream during the 3rd quarter worth about $38,000. Blue Trust Inc. boosted its holdings in Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,857 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Antero Midstream in the 3rd quarter worth approximately $48,000. First Horizon Advisors Inc. lifted its position in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after buying an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in Antero Midstream in the 2nd quarter valued at $55,000. 53.97% of the stock is owned by institutional investors.

Antero Midstream Price Performance

Shares of AM stock traded up $0.05 during mid-day trading on Friday, hitting $15.11. 2,265,798 shares of the stock traded hands, compared to its average volume of 2,668,011. Antero Midstream has a twelve month low of $11.58 and a twelve month high of $16.00. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 18.65 and a beta of 2.39. The company’s 50-day simple moving average is $15.27 and its 200-day simple moving average is $14.85.

Antero Midstream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a dividend yield of 5.96%. Antero Midstream’s dividend payout ratio is 111.11%.

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.