Antero Midstream (NYSE:AM) Sets New 12-Month High - Time to Buy?

Antero Midstream Co. (NYSE:AM - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $19.06 and last traded at $18.97, with a volume of 83470 shares trading hands. The stock had previously closed at $18.98.

Analysts Set New Price Targets

Several research analysts have weighed in on AM shares. Wells Fargo & Company boosted their price target on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd.

Antero Midstream Price Performance

The company's 50 day moving average price is $17.56 and its 200-day moving average price is $16.55. The company has a market capitalization of $8.99 billion, a PE ratio of 22.61 and a beta of 0.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.47.

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

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 4.79%. Antero Midstream's dividend payout ratio (DPR) is 103.45%.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the sale, the director now directly owns 73,645 shares of the company's stock, valued at approximately $1,390,417.60. This represents a 6.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of Antero Midstream

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in Antero Midstream by 84.3% in the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after buying an additional 2,612 shares during the last quarter. KBC Group NV boosted its position in Antero Midstream by 14.2% in the 4th quarter. KBC Group NV now owns 14,871 shares of the pipeline company's stock valued at $224,000 after buying an additional 1,854 shares during the last quarter. SeaBridge Investment Advisors LLC boosted its position in Antero Midstream by 0.7% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 134,819 shares of the pipeline company's stock valued at $2,034,000 after buying an additional 878 shares during the last quarter. KPP Advisory Services LLC boosted its position in Antero Midstream by 3.0% in the 4th quarter. KPP Advisory Services LLC now owns 23,893 shares of the pipeline company's stock valued at $361,000 after buying an additional 700 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Antero Midstream by 128.0% in the 4th quarter. Jennison Associates LLC now owns 1,031,526 shares of the pipeline company's stock valued at $15,566,000 after buying an additional 579,191 shares during the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

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.