Antero Midstream (NYSE:AM) Hits New 52-Week High at $15.23

Antero Midstream Co. (NYSE:AM)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.23 and last traded at $15.23, with a volume of 1612 shares. The stock had previously closed at $15.16.

Analyst Ratings Changes

AM has been the subject of several analyst reports. Morgan Stanley upped their price objective on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Antero Midstream has a consensus rating of “Hold” and an average price target of $13.88.

Antero Midstream Trading Up 0.6 %

The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 18.94 and a beta of 2.34. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50-day moving average of $14.50 and a 200-day moving average of $14.36.

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

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend was Wednesday, July 24th. Antero Midstream’s dividend payout ratio is presently 112.50%.

Insider Buying and Selling at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 130,349 shares of the company’s stock, valued at approximately $1,901,791.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Antero Midstream

A number of large investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. increased its stake in Antero Midstream by 12.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,064 shares of the pipeline company’s stock valued at $189,000 after purchasing an additional 1,647 shares in the last quarter. Norges Bank purchased a new position in Antero Midstream in the 4th quarter valued at approximately $54,704,000. Wells Fargo & Company MN increased its stake in Antero Midstream by 4.7% in the 4th quarter. Wells Fargo & Company MN now owns 735,675 shares of the pipeline company’s stock valued at $9,218,000 after purchasing an additional 33,291 shares in the last quarter. Franklin Resources Inc. increased its stake in Antero Midstream by 143.5% in the 4th quarter. Franklin Resources Inc. now owns 175,631 shares of the pipeline company’s stock valued at $2,201,000 after purchasing an additional 103,516 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in Antero Midstream by 3.3% in the 4th quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company’s stock valued at $339,000 after purchasing an additional 871 shares in the last quarter. 53.97% 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 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.