Antero Midstream (NYSE:AM) Sets New 12-Month High at $15.12

Antero Midstream Co. (NYSE:AM)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $15.12 and last traded at $15.12, with a volume of 1122327 shares traded. The stock had previously closed at $14.87.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.17.

Antero Midstream Trading Up 1.9 %

The firm has a market cap of $7.29 billion, a PE ratio of 18.59 and a beta of 2.38. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50-day moving average price of $14.63 and a two-hundred day moving average price of $13.72.

Antero Midstream (NYSE:AM) last released its quarterly earnings results on Thursday, April 25th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $279.05 million for the quarter, compared to analysts’ expectations of $277.25 million. Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. Analysts forecast that Antero Midstream Co. will post 0.88 EPS for the current year.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, July 24th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend is Wednesday, July 24th. Antero Midstream’s payout ratio is 112.50%.

Hedge Funds Weigh In On Antero Midstream

Institutional investors have recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. purchased a new position in Antero Midstream in the second quarter valued at approximately $239,000. First Horizon Advisors Inc. boosted its position in Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 688 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in Antero Midstream by 10.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 157,957 shares of the pipeline company’s stock valued at $2,328,000 after purchasing an additional 15,564 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Antero Midstream by 15.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 28,026 shares of the pipeline company’s stock valued at $413,000 after purchasing an additional 3,815 shares during the period. Finally, Wedmont Private Capital lifted its stake in shares of Antero Midstream by 10.0% during the second quarter. Wedmont Private Capital now owns 16,103 shares of the pipeline company’s stock worth $239,000 after purchasing an additional 1,460 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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.