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

Antero Midstream Co. (NYSE:AM - Get Free Report)'s stock price hit a new 52-week high 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.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com raised Antero Midstream from a "hold" rating to a "buy" rating in a research report on Thursday. Morgan Stanley boosted their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 27th.

Antero Midstream Stock Up 1.4 %

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 stock has a market capitalization of $7.69 billion, a P/E ratio of 19.72 and a beta of 2.35. The firm has a 50 day moving average of $15.28 and a 200-day moving average of $14.80.

Antero Midstream Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 5.64%. Antero Midstream's dividend payout ratio is 111.11%.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the transaction, the director now directly owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On Antero Midstream

Several large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in Antero Midstream by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 182,452 shares of the pipeline company's stock worth $2,566,000 after acquiring an additional 8,167 shares during the last quarter. Tidal Investments LLC grew its position in Antero Midstream by 36.7% during the 1st quarter. Tidal Investments LLC now owns 46,749 shares of the pipeline company's stock worth $657,000 after acquiring an additional 12,557 shares during the last quarter. Virtu Financial LLC bought a new stake in Antero Midstream during the 1st quarter worth approximately $152,000. Cetera Investment Advisers grew its position in Antero Midstream by 89.4% during the 1st quarter. Cetera Investment Advisers now owns 482,647 shares of the pipeline company's stock worth $6,786,000 after acquiring an additional 227,855 shares during the last quarter. Finally, Cetera Advisors LLC grew its position in Antero Midstream by 608.8% during the 1st quarter. Cetera Advisors LLC now owns 150,842 shares of the pipeline company's stock worth $2,121,000 after acquiring an additional 129,561 shares during the last quarter. 53.97% of the stock is currently owned by institutional investors.

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.