Antero Midstream (NYSE:AM) Sets New 12-Month High Following Dividend Announcement

Shares of Antero Midstream Co. (NYSE:AM) reached a new 52-week high on Tuesday following a dividend announcement from the company. The stock traded as high as $16.09 and last traded at $16.06, with a volume of 763677 shares changing hands. The stock had previously closed at $15.81.

The newly announced dividend which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, January 29th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.51%. Antero Midstream’s payout ratio is currently 111.11%.

Wall Street Analysts Forecast Growth

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

Antero Midstream Price Performance

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $7.86 billion, a PE ratio of 20.15 and a beta of 2.34. The stock’s 50-day moving average is $15.36 and its two-hundred day moving average is $14.96.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Choreo LLC purchased a new position in shares of Antero Midstream during the second quarter worth approximately $229,000. Federated Hermes Inc. increased its holdings in Antero Midstream by 28.5% during the 2nd quarter. Federated Hermes Inc. now owns 45,569 shares of the pipeline company’s stock worth $672,000 after purchasing an additional 10,101 shares during the period. Envestnet Asset Management Inc. increased its holdings in Antero Midstream by 4.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 462,726 shares of the pipeline company’s stock worth $6,821,000 after purchasing an additional 21,552 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Antero Midstream by 25.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,038 shares of the pipeline company’s stock worth $841,000 after buying an additional 11,626 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of Antero Midstream during the 2nd quarter worth $1,980,000. Institutional investors own 53.97% of the company’s stock.

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.