Antero Midstream (NYSE:AM – Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, February 14th. Analysts expect Antero Midstream to post earnings of $0.21 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Antero Midstream Stock Performance
Shares of NYSE AM opened at $11.98 on Wednesday. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 16.40 and a beta of 2.25. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.51. Antero Midstream has a 1-year low of $9.56 and a 1-year high of $13.46. The stock’s 50-day moving average is $12.51 and its 200 day moving average is $12.29.
Antero Midstream Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 7.52%. The ex-dividend date of this dividend is Tuesday, January 23rd. Antero Midstream’s dividend payout ratio (DPR) is presently 123.29%.
Wall Street Analyst Weigh In
Institutional Trading of Antero Midstream
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Antero Midstream by 1.2% in the second quarter. BlackRock Inc. now owns 38,226,899 shares of the pipeline company’s stock worth $443,432,000 after purchasing an additional 460,065 shares during the last quarter. Vanguard Group Inc. boosted its position in Antero Midstream by 1.5% in the third quarter. Vanguard Group Inc. now owns 32,273,854 shares of the pipeline company’s stock worth $296,274,000 after purchasing an additional 481,124 shares during the last quarter. State Street Corp boosted its position in Antero Midstream by 1.3% in the first quarter. State Street Corp now owns 9,788,932 shares of the pipeline company’s stock worth $102,686,000 after purchasing an additional 123,885 shares during the last quarter. First Trust Advisors LP boosted its position in Antero Midstream by 51.3% in the first 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 last quarter. Finally, Morgan Stanley boosted its holdings in shares of Antero Midstream by 9.2% in the third quarter. Morgan Stanley now owns 5,206,758 shares of the pipeline company’s stock worth $62,377,000 after buying an additional 438,489 shares during the last quarter. 52.02% of the stock is owned by hedge funds and other institutional investors.
Antero Midstream Company Profile
Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure in the Appalachian Basin. 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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