Antero Midstream (NYSE:AM) Sets New 12-Month High at $14.10

Antero Midstream Co. (NYSE:AM) shares reached a new 52-week high on Thursday . The company traded as high as $14.10 and last traded at $14.09, with a volume of 743023 shares trading hands. The stock had previously closed at $13.89.

Analyst Ratings Changes

Several brokerages have commented on AM. Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a “buy” rating to a “hold” rating and raised their target price for the stock from $12.00 to $13.00 in a report on Tuesday, March 12th. StockNews.com cut shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Antero Midstream presently has an average rating of “Hold” and a consensus target price of $12.70.

Antero Midstream Trading Up 1.2 %

The firm has a 50-day moving average price of $12.86 and a 200-day moving average price of $12.59. The stock has a market capitalization of $6.74 billion, a PE ratio of 18.31 and a beta of 2.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.49.

Antero Midstream (NYSE:AM) last issued its quarterly earnings results on Thursday, February 15th. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $261.04 million. Antero Midstream had a net margin of 35.69% and a return on equity of 19.96%. Antero Midstream’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. As a group, equities analysts forecast that Antero Midstream Co. will post 0.96 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend was Tuesday, January 23rd. Antero Midstream’s payout ratio is currently 116.88%.

Insider Buying and Selling

In other news, insider Sheri Pearce sold 16,394 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the transaction, the insider now directly owns 170,266 shares of the company’s stock, valued at $2,327,536.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Antero Midstream

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC increased its stake in Antero Midstream by 78.5% in the 4th quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 919 shares in the last quarter. Covestor Ltd raised its position in shares of Antero Midstream by 2,155.9% in the 1st quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock worth $25,000 after buying an additional 2,199 shares during the period. Belpointe Asset Management LLC grew its position in Antero Midstream by 248.2% during the first quarter. Belpointe Asset Management LLC now owns 2,646 shares of the pipeline company’s stock valued at $28,000 after acquiring an additional 1,886 shares during the period. Parkside Financial Bank & Trust increased its stake in Antero Midstream by 175.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 1,930 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Antero Midstream in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

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.