Antero Midstream (NYSE:AM) Reaches New 1-Year High – Here’s What Happened

Antero Midstream Co. (NYSE:AM)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $16.87 and last traded at $16.86, with a volume of 3660291 shares traded. The stock had previously closed at $15.85.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AM. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a research note on Wednesday, December 18th.

Antero Midstream Price Performance

The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of 20.77 and a beta of 2.31. The company has a 50-day simple moving average of $15.63 and a two-hundred day simple moving average of $15.16.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.91% and a net margin of 36.16%. On average, equities research analysts predict that Antero Midstream Co. will post 0.83 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were given a dividend of $0.225 per share. The ex-dividend date was Wednesday, January 29th. This represents a $0.90 annualized dividend and a dividend yield of 5.35%. Antero Midstream’s dividend payout ratio is presently 108.43%.

Institutional Trading of Antero Midstream

Large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new stake in shares of Antero Midstream in the 2nd quarter worth approximately $148,000. CWM LLC raised its holdings in Antero Midstream by 10.5% during the third quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after purchasing an additional 768 shares in the last quarter. Creative Planning lifted its position in Antero Midstream by 43.5% in the third quarter. Creative Planning now owns 109,118 shares of the pipeline company’s stock worth $1,642,000 after purchasing an additional 33,054 shares during the period. Blue Trust Inc. boosted its stake in Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,857 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in shares of Antero Midstream by 8.6% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 17,605 shares of the pipeline company’s stock valued at $265,000 after purchasing an additional 1,390 shares during the period. 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.