Antero Midstream (NYSE:AM) Sets New 52-Week High – What’s Next?

Antero Midstream Corporation (NYSE:AM)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $20.20 and last traded at $20.0090, with a volume of 237201 shares trading hands. The stock had previously closed at $19.74.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AM shares. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 23rd. Zacks Research cut Antero Midstream from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Wall Street Zen lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Morgan Stanley boosted their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.17.

Antero Midstream Stock Performance

The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.46. The firm’s fifty day moving average price is $18.14 and its 200-day moving average price is $18.13. The company has a market cap of $9.57 billion, a P/E ratio of 20.47 and a beta of 0.81.

Antero Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, January 28th. Antero Midstream’s dividend payout ratio is currently 91.84%.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $17.59, for a total value of $87,950.00. Following the transaction, the director directly owned 72,622 shares in the company, valued at approximately $1,277,420.98. This represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Institutional investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. grew its holdings in Antero Midstream by 330.2% in the third quarter. Richardson Financial Services Inc. now owns 1,295 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 994 shares during the period. Root Financial Partners LLC purchased a new position in shares of Antero Midstream during the 3rd quarter worth $25,000. Elevation Wealth Partners LLC bought a new stake in Antero Midstream during the 4th quarter worth approximately $27,000. Quent Capital LLC bought a new stake in Antero Midstream during the third quarter valued at about $28,000. Finally, Larson Financial Group LLC boosted its position in shares of Antero Midstream by 68.1% during the fourth quarter. Larson Financial Group LLC now owns 1,747 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 708 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

About Antero Midstream

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.