Antero Midstream (NYSE:AM) Hits New 1-Year High After Dividend Announcement

Shares of Antero Midstream Co. (NYSE:AM) reached a new 52-week high during trading 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 traded. The stock had previously closed at $15.81.

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

Wall Street Analyst Weigh In

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

Antero Midstream Trading Up 1.0 %

The stock has a market capitalization of $7.86 billion, a PE ratio of 20.15 and a beta of 2.34. 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 firm has a 50-day moving average price of $15.36 and a 200-day moving average price of $14.96.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction dated Tuesday, November 5th. The stock was 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 owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Antero Midstream

Large investors have recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new position in Antero Midstream in the 3rd quarter worth approximately $38,000. Financial Management Professionals Inc. lifted its holdings in Antero Midstream by 58.6% during the 4th 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 in the last quarter. Blue Trust Inc. lifted its holdings in Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 1,857 shares in the last quarter. Brooklyn Investment Group bought a new position in Antero Midstream in the 3rd quarter worth about $48,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Antero Midstream during the 2nd quarter valued at about $55,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

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.