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

Thrivent Financial for Lutherans increased its stake in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 79.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,174 shares of the pipeline company's stock after buying an additional 63,029 shares during the quarter. Thrivent Financial for Lutherans' holdings in Antero Midstream were worth $2,146,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Financial Management Professionals Inc. grew its stake in Antero Midstream by 58.6% during the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock worth $41,000 after buying an additional 1,000 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Antero Midstream in the 3rd quarter worth approximately $48,000. Blue Trust Inc. grew its position in 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 acquiring an additional 2,612 shares during the last quarter. GAMMA Investing LLC grew its position in Antero Midstream by 44.5% during the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock worth $96,000 after acquiring an additional 1,962 shares during the last quarter. Finally, Allworth Financial LP increased 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 valued at $104,000 after purchasing an additional 951 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently commented on AM shares. StockNews.com cut Antero Midstream from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Wells Fargo & Company upped their price target 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 Trading Up 0.4 %

AM stock traded up $0.07 during trading on Monday, hitting $18.01. The company had a trading volume of 2,895,792 shares, compared to its average volume of 3,568,507. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 21.70 and a beta of 2.33. 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 firm has a 50-day moving average price of $16.69 and a 200-day moving average price of $15.77. Antero Midstream Co. has a 12 month low of $13.12 and a 12 month high of $18.30.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results 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%. As a group, analysts predict that Antero Midstream Co. will post 0.95 earnings per share for the current year.

Antero Midstream Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 5.00%. The ex-dividend date was Wednesday, January 29th. Antero Midstream's dividend 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.