Thrivent Financial for Lutherans Has $2.15 Million Stock Holdings in Antero Midstream Co. (NYSE:AM)

Thrivent Financial for Lutherans grew its stake in shares of Antero Midstream Co. (NYSE:AM) by 79.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 142,174 shares of the pipeline company’s stock after acquiring an additional 63,029 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Antero Midstream were worth $2,146,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AM. Financial Management Professionals Inc. increased its stake 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 acquiring an additional 1,000 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Antero Midstream in the 3rd quarter valued at $48,000. Blue Trust Inc. raised its holdings in shares of Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company’s stock worth $86,000 after buying an additional 2,612 shares in the last quarter. Allworth Financial LP lifted its position in shares of Antero Midstream by 17.8% during the 4th quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company’s stock worth $104,000 after buying an additional 951 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Antero Midstream by 44.5% in the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after buying an additional 1,962 shares in the last quarter. 53.97% of the stock is owned by institutional investors and hedge funds.

Antero Midstream Price Performance

Shares of AM opened at $17.95 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.47. The stock has a market cap of $8.59 billion, a PE ratio of 21.62 and a beta of 2.33. Antero Midstream Co. has a 12-month low of $13.12 and a 12-month high of $18.30. The business has a 50-day simple moving average of $16.69 and a two-hundred day simple moving average of $15.74.

Antero Midstream (NYSE:AM) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Analysts anticipate that Antero Midstream Co. will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.02%. The ex-dividend date was Wednesday, January 29th. Antero Midstream’s payout ratio is currently 108.43%.

Wall Street Analysts Forecast Growth

AM has been the subject of several research analyst reports. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th.

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.