Antero Midstream (NYSE:AM) Hits New 1-Year High - Here's Why

Antero Midstream Co. (NYSE:AM - Get Free Report) reached a new 52-week high 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.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com cut Antero Midstream from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Wells Fargo & Company increased their price target on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th.

Antero Midstream Price Performance

The firm has a 50 day moving average of $16.46 and a two-hundred day moving average of $15.60. The company has a market cap of $8.51 billion, a PE ratio of 21.43 and a beta of 2.33. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Research analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

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Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend was Wednesday, January 29th. Antero Midstream's payout ratio is 108.43%.

Hedge Funds Weigh In On Antero Midstream

A number of hedge funds have recently added to or reduced their stakes in AM. Atria Investments Inc bought a new stake in shares of Antero Midstream in the 3rd quarter worth $337,000. Victory Capital Management Inc. boosted its position 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 valued at $2,035,000 after buying an additional 31,915 shares during the last quarter. KBC Group NV increased its holdings in Antero Midstream by 36.2% in the 3rd quarter. KBC Group NV now owns 13,017 shares of the pipeline company's stock worth $196,000 after buying an additional 3,460 shares in the last quarter. Empowered Funds LLC raised its position in Antero Midstream by 89.1% in the 3rd 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. Finally, Natixis Advisors LLC lifted its stake in Antero Midstream by 89.2% during the 3rd quarter. Natixis Advisors LLC now owns 95,440 shares of the pipeline company's stock valued at $1,436,000 after acquiring an additional 44,993 shares during the period. 53.97% of the stock is currently owned by hedge funds and other 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.