Antero Midstream (NYSE:AM) Sets New 52-Week High – Here’s What Happened

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AM. Wells Fargo & Company increased their price objective on Antero Midstream from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday.

Antero Midstream Stock Performance

The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $8.34 billion, a price-to-earnings ratio of 20.99 and a beta of 2.33. The stock has a 50 day simple moving average of $16.38 and a two-hundred day simple moving average of $15.57.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results 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 net margin of 36.24% and a return on equity of 18.82%. As a group, analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream’s dividend payout ratio is presently 108.43%.

Hedge Funds Weigh In On Antero Midstream

Several hedge funds have recently made changes to their positions in AM. Atria Investments Inc purchased a new position in shares of Antero Midstream during the third quarter worth about $337,000. Victory Capital Management Inc. grew its holdings in shares of Antero Midstream by 30.9% during the third quarter. Victory Capital Management Inc. now owns 135,230 shares of the pipeline company’s stock worth $2,035,000 after purchasing an additional 31,915 shares during the last quarter. KBC Group NV grew its holdings in shares of Antero Midstream by 36.2% during the third quarter. KBC Group NV now owns 13,017 shares of the pipeline company’s stock worth $196,000 after purchasing an additional 3,460 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Antero Midstream by 33.5% during the third quarter. Metis Global Partners LLC now owns 18,952 shares of the pipeline company’s stock worth $285,000 after buying an additional 4,754 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Antero Midstream by 89.1% during the third quarter. Empowered Funds LLC now owns 40,388 shares of the pipeline company’s stock worth $608,000 after buying an additional 19,027 shares during the last quarter. Hedge funds and other institutional investors 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.