Antero Midstream Co. to Issue Quarterly Dividend of $0.23 (NYSE:AM)

Antero Midstream Co. (NYSE:AM) announced a quarterly dividend on Wednesday, October 9th, NASDAQ reports. Stockholders of record on Wednesday, October 23rd will be paid a dividend of 0.225 per share by the pipeline company on Wednesday, November 6th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date is Wednesday, October 23rd.

Antero Midstream has decreased its dividend by an average of 9.9% annually over the last three years. Antero Midstream has a dividend payout ratio of 89.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Antero Midstream to earn $1.07 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 84.1%.

Antero Midstream Stock Performance

Shares of AM stock opened at $15.08 on Tuesday. The stock’s 50-day moving average price is $14.88 and its 200 day moving average price is $14.57. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $7.26 billion, a PE ratio of 18.85 and a beta of 2.34. Antero Midstream has a 52-week low of $11.58 and a 52-week high of $15.87.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, July 31st. The pipeline company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.04). Antero Midstream had a net margin of 36.19% and a return on equity of 19.40%. The company had revenue of $269.70 million during the quarter, compared to analysts’ expectations of $274.66 million. During the same quarter last year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Antero Midstream will post 0.85 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on AM shares. Morgan Stanley boosted their price objective 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. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th.

Insider Activity

In related news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the transaction, the insider now owns 130,349 shares of the company’s stock, valued at $1,901,791.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.61% of the company’s stock.

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.