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

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Tudor, Pickering, Holt & Co. downgraded Antero Midstream from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, March 12th. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.70.

Antero Midstream Stock Up 1.2 %

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

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

Antero Midstream Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Sheri Pearce sold 16,394 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $13.67, for a total transaction of $224,105.98. Following the completion of the sale, the insider now directly owns 170,266 shares in the company, valued at $2,327,536.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by insiders.

Institutional Trading of Antero Midstream

Several institutional investors have recently made changes to their positions in AM. Lindbrook Capital LLC raised its holdings in shares of Antero Midstream by 78.5% during the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company’s stock worth $26,000 after acquiring an additional 919 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Antero Midstream by 2,155.9% during the 1st quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock valued at $25,000 after buying an additional 2,199 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in Antero Midstream by 248.2% in the first quarter. Belpointe Asset Management LLC now owns 2,646 shares of the pipeline company’s stock worth $28,000 after buying an additional 1,886 shares during the last quarter. Parkside Financial Bank & Trust raised its position 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 valued at $38,000 after acquiring an additional 1,930 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Antero Midstream in the fourth quarter valued at approximately $51,000. 53.97% of the stock is currently 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.