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

Thrivent Financial for Lutherans lifted its stake in shares of Antero Midstream Co. (NYSE:AM) by 79.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AM. Financial Management Professionals Inc. raised 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 during the last quarter. Brooklyn Investment Group bought a new position in Antero Midstream during the third quarter worth $48,000. Blue Trust Inc. lifted its holdings in Antero Midstream by 84.3% in the fourth 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 period. GAMMA Investing LLC boosted its position in Antero Midstream by 44.5% during the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after acquiring an additional 1,962 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in 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 acquiring an additional 951 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AM shares. StockNews.com downgraded Antero Midstream from a “buy” rating to a “hold” rating in a research note on Saturday, March 15th. 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 research note on Tuesday, February 18th.

Antero Midstream Trading Up 0.2 %

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

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 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 expect that Antero Midstream Co. will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

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

Antero Midstream 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.