Antero Midstream (NYSE:AM) Hits New 12-Month High – What’s Next?

Shares of Antero Midstream Co. (NYSE:AM) hit a new 52-week high during trading on Friday . The company traded as high as $15.94 and last traded at $15.88, with a volume of 54659 shares. The stock had previously closed at $15.75.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AM. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley lifted their price objective on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th.

Antero Midstream Stock Performance

The business has a 50-day simple moving average of $15.25 and a 200 day simple moving average of $14.79. 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 firm has a market cap of $7.67 billion, a PE ratio of 19.44 and a beta of 2.35.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the transaction, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. This represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Antero Midstream

Several institutional investors have recently added to or reduced their stakes in AM. World Investment Advisors LLC purchased a new position in shares of Antero Midstream in the third quarter valued at $680,000. Coldstream Capital Management Inc. grew its stake in shares of Antero Midstream by 6.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock worth $185,000 after buying an additional 705 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Antero Midstream by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock valued at $91,549,000 after buying an additional 251,987 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Antero Midstream by 20.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 71,500 shares of the pipeline company’s stock valued at $1,076,000 after acquiring an additional 12,099 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Antero Midstream in the third quarter worth about $256,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

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.