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

Antero Midstream Co. (NYSE:AM - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $18.11 and last traded at $17.90, with a volume of 244371 shares trading hands. The stock had previously closed at $17.80.

Analyst Upgrades and Downgrades

AM has been the topic of several research analyst reports. StockNews.com cut Antero Midstream from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Wells Fargo & Company upped 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.

Antero Midstream Stock Performance

The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47. The company's 50-day moving average price is $16.66 and its two-hundred day moving average price is $15.72. The company has a market cap of $8.56 billion, a P/E ratio of 21.54 and a beta of 2.33.

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

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Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a yield of 5.03%. Antero Midstream's dividend payout ratio is currently 108.43%.

Hedge Funds Weigh In On Antero Midstream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AM. Guild Investment Management Inc. bought a new position in Antero Midstream in the fourth quarter worth $1,883,000. JPMorgan Chase & Co. raised its holdings in shares of Antero Midstream by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock worth $28,686,000 after acquiring an additional 203,967 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Antero Midstream in the fourth quarter valued at about $226,000. Empowered Funds LLC boosted its position in shares of Antero Midstream by 4.3% during the fourth quarter. Empowered Funds LLC now owns 42,139 shares of the pipeline company's stock worth $636,000 after buying an additional 1,751 shares during the period. Finally, Columbus Macro LLC bought a new stake in Antero Midstream in the 4th quarter valued at approximately $6,977,000. Institutional investors and hedge funds 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.