Antero Midstream (NYSE:AM) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Antero Midstream (NYSE:AM) from a buy rating to a hold rating in a research report released on Tuesday.

Separately, Wells Fargo & Company downgraded shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research report on Wednesday, December 18th.

Antero Midstream Stock Up 1.1 %

AM stock opened at $15.64 on Tuesday. The stock has a market capitalization of $7.53 billion, a PE ratio of 19.31 and a beta of 2.34. The company has a fifty day moving average of $15.26 and a 200-day moving average of $14.93. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. Antero Midstream has a one year low of $11.58 and a one year high of $16.00.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now owns 74,100 shares in the company, valued at $1,086,306. This represents a 11.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

Several hedge funds and other institutional investors have recently bought and sold shares of AM. State Street Corp increased its stake in shares of Antero Midstream by 1.5% during the 3rd 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 in the last quarter. Geode Capital Management LLC increased its position in Antero Midstream by 4.3% during the third quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after buying an additional 251,987 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Antero Midstream by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,790,528 shares of the pipeline company’s stock worth $57,047,000 after acquiring an additional 22,936 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Antero Midstream by 5.8% in the second quarter. Westwood Holdings Group Inc. now owns 3,359,310 shares of the pipeline company’s stock worth $49,516,000 after acquiring an additional 184,911 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Antero Midstream by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company’s stock valued at $28,686,000 after acquiring an additional 203,967 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

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.