Antero Midstream (NYSE:AM) Hits New 12-Month High – Still a Buy?

Antero Midstream Co. (NYSE:AM)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $16.68 and last traded at $16.59, with a volume of 1105 shares traded. The stock had previously closed at $16.49.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective on the stock. in a report on Wednesday, December 18th.

Antero Midstream Trading Up 0.6 %

The company’s 50 day simple moving average is $15.42 and its two-hundred day simple moving average is $15.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 20.49 and a beta of 2.34.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date is Wednesday, January 29th. Antero Midstream’s dividend payout ratio (DPR) is presently 111.11%.

Insider Activity at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares in the company, valued at $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of Antero Midstream

Several institutional investors and hedge funds have recently bought and sold shares of AM. Ashton Thomas Securities LLC acquired a new stake in shares of Antero Midstream in the third quarter valued at $38,000. Financial Management Professionals Inc. lifted its stake in Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 1,000 shares during the last quarter. Blue Trust Inc. boosted its holdings in Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,857 shares in the last quarter. Brooklyn Investment Group purchased a new position in Antero Midstream in the third quarter valued at approximately $48,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in Antero Midstream during the second quarter worth approximately $55,000. 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.