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

Antero Midstream Co. (NYSE:AM - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $17.19 and last traded at $17.08, with a volume of 115231 shares changing hands. The stock had previously closed at $16.95.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price objective on Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Tuesday, February 4th.

Antero Midstream Trading Down 1.1 %

The firm has a market cap of $8.03 billion, a P/E ratio of 20.21 and a beta of 2.31. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a fifty day moving average of $16.03 and a 200-day moving average of $15.40.

Antero Midstream (NYSE:AM - Get Free Report) last posted its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) 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%. Equities research analysts forecast that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.37%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's dividend payout ratio (DPR) is 108.43%.

Institutional Investors Weigh In On Antero Midstream

A number of hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its position in Antero Midstream by 6.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,774 shares of the pipeline company's stock valued at $328,000 after acquiring an additional 1,249 shares during the period. Van ECK Associates Corp increased its holdings in shares of Antero Midstream by 98.6% during the third quarter. Van ECK Associates Corp now owns 173,266 shares of the pipeline company's stock valued at $2,564,000 after purchasing an additional 86,001 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Antero Midstream by 2.8% during the third quarter. QRG Capital Management Inc. now owns 238,889 shares of the pipeline company's stock valued at $3,595,000 after purchasing an additional 6,550 shares during the period. Atria Investments Inc bought a new stake in shares of Antero Midstream during the third quarter valued at about $337,000. Finally, Covestor Ltd lifted its holdings in Antero Midstream by 112.0% in the third quarter. Covestor Ltd now owns 13,312 shares of the pipeline company's stock worth $200,000 after purchasing an additional 7,032 shares during the period. 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.