Antero Midstream (NYSE:AM) Hits New 1-Year High - What's Next?

Antero Midstream Co. (NYSE:AM - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $16.68 and last traded at $16.59, with a volume of 1105 shares trading hands. The stock had previously closed at $16.49.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut shares of Antero Midstream from an "overweight" rating to an "equal weight" rating and set a $16.00 target price on the stock. in a report on Wednesday, December 18th. StockNews.com downgraded shares of Antero Midstream from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th.

Antero Midstream Stock Up 1.2 %

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 company has a market cap of $8.03 billion, a PE ratio of 20.60 and a beta of 2.34. The firm has a 50-day simple moving average of $15.42 and a two-hundred day simple moving average of $15.00.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.90 annualized dividend and a yield of 5.39%. Antero Midstream's payout ratio is currently 111.11%.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the transaction, the director now directly owns 74,100 shares of the company's stock, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Antero Midstream

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. increased its position in shares of Antero Midstream by 28.5% in the 2nd quarter. Federated Hermes Inc. now owns 45,569 shares of the pipeline company's stock worth $672,000 after purchasing an additional 10,101 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Antero Midstream by 4.9% during the second quarter. Envestnet Asset Management Inc. now owns 462,726 shares of the pipeline company's stock valued at $6,821,000 after buying an additional 21,552 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Antero Midstream by 25.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,038 shares of the pipeline company's stock worth $841,000 after acquiring an additional 11,626 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Antero Midstream in the 2nd quarter worth approximately $1,980,000. Finally, Sei Investments Co. increased its holdings in shares of Antero Midstream by 278.0% in the 2nd quarter. Sei Investments Co. now owns 74,637 shares of the pipeline company's stock valued at $1,100,000 after acquiring an additional 54,892 shares during the last quarter. 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.