Thrivent Financial for Lutherans Has $1.19 Million Holdings in Antero Midstream Co. (NYSE:AM)

Thrivent Financial for Lutherans decreased its stake in shares of Antero Midstream Co. (NYSE:AM) by 4.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,145 shares of the pipeline company’s stock after selling 3,412 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Antero Midstream were worth $1,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Millennium Management LLC boosted its holdings in Antero Midstream by 314.6% in the second quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock worth $27,459,000 after acquiring an additional 1,413,606 shares in the last quarter. SIR Capital Management L.P. acquired a new stake in Antero Midstream in the 2nd quarter valued at $8,251,000. SG Americas Securities LLC grew its position in Antero Midstream by 1,141.2% in the 3rd quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock valued at $7,085,000 after purchasing an additional 432,817 shares during the period. Oppenheimer & Co. Inc. increased its stake in Antero Midstream by 74.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock valued at $10,338,000 after purchasing an additional 293,238 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Antero Midstream during the second quarter worth $3,883,000. Institutional investors own 53.97% of the company’s stock.

Insider Activity

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the sale, the director now directly owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Antero Midstream Price Performance

AM opened at $15.97 on Monday. The firm’s fifty day moving average price is $15.28 and its two-hundred day moving average price is $14.81. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 19.72 and a beta of 2.35. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $16.00.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.64%. Antero Midstream’s payout ratio is presently 111.11%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, August 27th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday.

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.