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

Antero Midstream Co. (NYSE:AM) announced a quarterly dividend on Tuesday, January 14th,Wall Street Journal reports. Shareholders of record on Wednesday, January 29th will be paid a dividend of 0.225 per share by the pipeline company on Wednesday, February 12th. This represents a $0.90 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date is Wednesday, January 29th.

Antero Midstream has decreased its dividend payment by an average of 2.9% per year over the last three years. Antero Midstream has a payout ratio of 82.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Antero Midstream to earn $0.95 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 94.7%.

Antero Midstream Price Performance

AM stock opened at $16.38 on Monday. 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 capitalization of $7.89 billion, a price-to-earnings ratio of 20.23 and a beta of 2.34. The firm has a 50 day moving average price of $15.53 and a 200-day moving average price of $15.05. Antero Midstream has a 52-week low of $11.58 and a 52-week high of $16.86.

Insider Activity

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

Analyst Upgrades and Downgrades

AM has been the topic of several analyst reports. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Wells Fargo & Company downgraded shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a report on Wednesday, December 18th.

About Antero Midstream

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.