Antero Midstream (NYSE:AM) Sets New 52-Week High – Here’s Why

Antero Midstream Co. (NYSE:AM)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $18.11 and last traded at $17.90, with a volume of 244371 shares changing hands. The stock had previously closed at $17.80.

Analyst Upgrades and Downgrades

AM has been the subject of a number of research reports. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Wells Fargo & Company raised their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th.

Antero Midstream Stock Up 0.4 %

The stock has a market cap of $8.55 billion, a P/E ratio of 21.52 and a beta of 2.33. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The firm’s fifty day moving average is $16.51 and its 200 day moving average is $15.64.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. As a group, equities research analysts forecast that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.04%. Antero Midstream’s dividend payout ratio is 108.43%.

Institutional Trading of Antero Midstream

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Management Professionals Inc. boosted its position in shares of Antero Midstream by 58.6% during the 4th quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock valued at $41,000 after acquiring an additional 1,000 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Antero Midstream during the 3rd quarter valued at about $48,000. TD Waterhouse Canada Inc. boosted its position in shares of Antero Midstream by 20.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company’s stock valued at $85,000 after acquiring an additional 963 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock valued at $86,000 after acquiring an additional 2,612 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after acquiring an additional 1,962 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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.