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

Antero Midstream Co. (NYSE:AM) reached a new 52-week high during trading on Monday . The stock traded as high as $17.30 and last traded at $17.22, with a volume of 342128 shares changing hands. The stock had previously closed at $17.01.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com lowered Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday.

Antero Midstream Stock Performance

The business has a 50 day moving average of $16.30 and a 200-day moving average of $15.53. The company has a market capitalization of $8.31 billion, a P/E ratio of 20.91 and a beta of 2.33. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Antero Midstream had a return on equity of 18.82% and a net margin of 36.24%. On average, sell-side analysts predict that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors 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 5.19%. Antero Midstream’s dividend payout ratio (DPR) is presently 108.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments Inc purchased a new stake in shares of Antero Midstream during the third quarter valued at approximately $337,000. State of New Jersey Common Pension Fund D increased its stake in shares of Antero Midstream by 4.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 134,298 shares of the pipeline company’s stock valued at $2,021,000 after buying an additional 5,231 shares during the period. Aigen Investment Management LP purchased a new stake in Antero Midstream in the third quarter worth $217,000. Victory Capital Management Inc. boosted its holdings in Antero Midstream by 30.9% in the third quarter. Victory Capital Management Inc. now owns 135,230 shares of the pipeline company’s stock valued at $2,035,000 after acquiring an additional 31,915 shares in the last quarter. Finally, KBC Group NV increased its position in Antero Midstream by 36.2% during the 3rd quarter. KBC Group NV now owns 13,017 shares of the pipeline company’s stock valued at $196,000 after purchasing an additional 3,460 shares during the period. 53.97% of the stock is currently owned by institutional investors.

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.