Thrivent Financial for Lutherans Sells 3,412 Shares of Antero Midstream Co. (NYSE:AM)

Thrivent Financial for Lutherans cut its position in Antero Midstream Co. (NYSE:AM) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Antero Midstream in the 3rd quarter worth about $38,000. Blue Trust Inc. increased its stake in shares of Antero Midstream by 149.4% in the third 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. City State Bank bought a new stake in shares of Antero Midstream in the second quarter valued at approximately $51,000. First Horizon Advisors Inc. lifted its stake in shares of Antero Midstream by 24.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock valued at $52,000 after buying an additional 688 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in Antero Midstream in the 2nd quarter worth approximately $55,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

AM stock opened at $15.97 on Monday. The firm has a 50 day moving average of $15.28 and a 200-day moving average of $14.81. The firm has a market capitalization of $7.69 billion, a P/E ratio of 19.72 and a beta of 2.35. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $16.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream Announces Dividend

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

Insider Activity

In related news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the sale, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

AM has been the topic of a number of analyst reports. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley boosted their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, August 27th.

About Antero Midstream

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.