Antero Midstream (NYSE:AM) Sets New 1-Year High - Time to Buy?

Antero Midstream Co. (NYSE:AM - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $18.60 and last traded at $18.31, with a volume of 135332 shares changing hands. The stock had previously closed at $18.07.

Wall Street Analyst Weigh In

AM has been the subject of several research reports. StockNews.com raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company increased their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th.

Antero Midstream Trading Up 0.7%

The firm has a market capitalization of $9.10 billion, a PE ratio of 22.87 and a beta of 0.99. The stock's 50-day moving average price is $17.31 and its 200 day moving average price is $16.27. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17.

Antero Midstream (NYSE:AM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The pipeline company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. The business had revenue of $291.13 million for the quarter, compared to analyst estimates of $277.79 million. During the same period last year, the company posted $0.21 earnings per share. The company's quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts expect that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 annualized dividend and a dividend yield of 4.74%. Antero Midstream's payout ratio is currently 103.45%.

Institutional Investors Weigh In On Antero Midstream

Several institutional investors and hedge funds have recently made changes to their positions in AM. Transce3nd LLC purchased a new position in shares of Antero Midstream during the first quarter worth $29,000. Financial Management Professionals Inc. increased its holdings in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after buying an additional 1,000 shares in the last quarter. UMB Bank n.a. increased its holdings in Antero Midstream by 170.8% in the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company's stock valued at $62,000 after buying an additional 2,188 shares in the last quarter. Brooklyn Investment Group increased its holdings in Antero Midstream by 41.2% in the first quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company's stock valued at $82,000 after buying an additional 1,328 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in Antero Midstream by 20.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock valued at $85,000 after buying an additional 963 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.

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.