Antero Midstream Co. (NYSE:AM – Get Rating) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 9,910,000 shares, a growth of 20.0% from the July 15th total of 8,260,000 shares. Based on an average trading volume of 3,800,000 shares, the short-interest ratio is currently 2.6 days. Approximately 3.1% of the company's stock are sold short.

Insiders Place Their Bets

In other Antero Midstream news, Director W Howard Keenan, Jr. sold 242,868 shares of the business's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $10.49, for a total transaction of $2,547,685.32. Following the completion of the transaction, the director now owns 114,555 shares in the company, valued at approximately $1,201,681.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Antero Midstream news, Director W Howard Keenan, Jr. sold 68,502 shares of the business's stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $10.19, for a total transaction of $698,035.38. Following the completion of the transaction, the director now owns 311,778 shares in the company, valued at approximately $3,177,017.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 242,868 shares of the company's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $10.49, for a total transaction of $2,547,685.32. Following the completion of the transaction, the director now owns 114,555 shares of the company's stock, valued at approximately $1,201,681.95. The disclosure for this sale can be found here. Insiders sold 865,620 shares of company stock worth $8,963,071 in the last 90 days. Corporate insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On Antero Midstream

Large investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Antero Midstream by 9.1% during the 1st quarter. BlackRock Inc. now owns 32,917,158 shares of the pipeline company's stock worth $357,809,000 after purchasing an additional 2,743,230 shares during the period. Cinctive Capital Management LP grew its stake in shares of Antero Midstream by 194.1% during the 4th quarter. Cinctive Capital Management LP now owns 3,128,415 shares of the pipeline company's stock worth $30,283,000 after purchasing an additional 2,064,628 shares during the period. First Trust Advisors LP grew its stake in shares of Antero Midstream by 51.3% during the 1st quarter. First Trust Advisors LP now owns 5,221,579 shares of the pipeline company's stock worth $56,759,000 after purchasing an additional 1,769,545 shares during the period. American Century Companies Inc. grew its stake in Antero Midstream by 310.2% in the 4th quarter. American Century Companies Inc. now owns 2,271,645 shares of the pipeline company's stock valued at $21,990,000 after acquiring an additional 1,717,803 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Antero Midstream in the 4th quarter valued at about $16,465,000. Hedge funds and other institutional investors own 53.92% of the company's stock.

Analyst Ratings Changes

Antero Midstream Stock Performance

Antero Midstream stock traded down $0.17 during trading hours on Monday, reaching $10.26. 2,176,286 shares of the stock were exchanged, compared to its average volume of 3,750,450. The stock has a market cap of $4.91 billion, a P/E ratio of 14.87 and a beta of 2.61. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.62 and a current ratio of 0.62. Antero Midstream has a 52-week low of $8.42 and a 52-week high of $11.71. The firm's 50 day moving average is $9.71 and its 200 day moving average is $10.17.

Antero Midstream (NYSE:AM – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The pipeline company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The firm had revenue of $228.91 million for the quarter, compared to analysts' expectations of $238.28 million. Antero Midstream had a return on equity of 17.01% and a net margin of 36.84%. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. Analysts predict that Antero Midstream will post 0.79 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 10th. Shareholders of record on Wednesday, July 27th were given a dividend of $0.225 per share. The ex-dividend date was Tuesday, July 26th. This represents a $0.90 dividend on an annualized basis and a yield of 8.77%. Antero Midstream's payout ratio is currently 130.44%.

Antero Midstream Company Profile

(Get Rating)

Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. 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.

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