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

Antero Midstream Co. (NYSE:AM) shares hit 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 trading hands. The stock had previously closed at $15.16.

Wall Street Analyst Weigh In

AM has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.88.

Antero Midstream Trading Up 0.6 %

The stock has a fifty day moving average of $14.50 and a 200-day moving average of $14.36. 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 company has a market cap of $7.34 billion, a PE ratio of 18.94 and a beta of 2.34.

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

Antero Midstream Announces Dividend

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

Insider Buying and Selling

In other Antero Midstream news, insider Sheri Pearce sold 23,518 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the sale, the insider now owns 130,349 shares of the company’s stock, valued at $1,901,791.91. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Institutional Trading of Antero Midstream

A number of institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. increased its holdings in Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 688 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of Antero Midstream by 1.0% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 78,573 shares of the pipeline company’s stock worth $1,158,000 after acquiring an additional 798 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Antero Midstream by 3.3% during the 4th quarter. Advisory Services Network LLC now owns 27,047 shares of the pipeline company’s stock worth $339,000 after acquiring an additional 871 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Antero Midstream by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 427,703 shares of the pipeline company’s stock worth $6,014,000 after acquiring an additional 1,123 shares in the last quarter. Finally, Pitcairn Co. boosted its position in shares of Antero Midstream by 7.2% during the 1st quarter. Pitcairn Co. now owns 18,784 shares of the pipeline company’s stock worth $264,000 after acquiring an additional 1,259 shares in the last quarter. 53.97% of the stock is 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.